09-17-2020, 08:34 PM
(09-17-2020, 08:03 PM)Mickeypoo Wrote: But if the 1% owns a lot of the huge businesses, wouldn't the 90% consuming be responsible for the 50T by consuming?
Not arguing, just trying to understand.
Yes and no. It's a lot more complex than that. It's be difficult to get into in this forum and I'd probably have a hard time trying to break it all down, anyway.
We've had a lot of talk about socialism in this thread. Socialism and capitalism are economic systems that exist on opposite ends of a spectrum. Neither one is inherently good or bad, but the human factor is what makes them so. Human greed causes people in socialist societies to game the system and take more than they need and contribute less than they can. Capitalism is also influenced heavily by human greed as the false idea that perpetual, infinite growth is not only possible but is the goal in life and as such maximizing profits is the way to get there. In both situations you have people that are the best at gaming the system exploiting those that aren't. This exploitation comes in the form of not only profiting from sales and services, but also underpaying the workers what their labor is worth. If companies actually paid the workers the true value of their would be no profit to be had, so capitalism continuously works on a system of exploitation.
"A great democracy has got to be progressive, or it will soon cease to be either great or a democracy..." - TR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
