Post
Topic
Board Economics
Re: Solution to poverty - Socialism or Capitalism?
by
AZwarel
on 06/06/2014, 03:21:11 UTC


Why does it matter if some people are filthy rich, if the "masses" are still doing better than before the filthy rich emerged? I just wonder why does it matter if someone doing a 1000 times better, if i can live a comfortable and peaceful life. Does it hurt? Like it is a physical pain? Most people do not compare themselves with billionares. They compare themselves and their wealth status with others in the similar job/neighbor. The mantra of "but they are richhhh!" is i think is just a theoretical pure envy.

It doesn't matter at all.  But what matters is that if inequality goes unchecked the system will eat itself since the filthy rich need consumers to make money from.   What you want is a bell curve w/ most people in the middle.  History has shown us that when there is too much inequality bad shit happen.  French Revolution, Russian Revolution, China, Vietnam, Cuba, etc..

I understand your point and the good intentions behind it. Although, there is no such thing as "checking inequality", because, by what standard? Who decides how much is OK, and how is not? Do we vote on your ability to make money through VOLUNTARY trade is too much  - because, do not forget that those historical examples you mentioned were not based on voluntary trade, those were based on feudal reigns, or despots, or other force and privilege based societies -, so now we can stop you to became "too unequal"?

You understand my point i think. I only say, that inequality is not morally bad or good, it just is. The same thing as lions eat gazelle is not bad or good either, it is just as it is. You, or me, or none can make a decision about someone else's life, or they wealth, because on what ground? On the ground of need? So i can morally justified to take away half your salary because i can not get enough staff to satisfy my need?

No bad intentions, just asking :-)