(b) How is it possible to say inequality does not stem from capitalism? Where else could it stem from.
I am not advocating the abolition of capitalism, I advocate a mixed economy.
(b) How is it possible to say inequality does not stem from capitalism? Where else could it stem from.
I am not advocating the abolition of capitalism, I advocate a mixed economy.
There is a disconnect between the colloquial form of capitalism which is conflated with 'free markets' and a generous reading of marx's concept of capitalism: as in "capital -ism", or the idea that accruing capital is a social good in and of itself. Note that capital-ism in the most general sense does include the concept of 'crony capitalism' whereas free-market-ism shuns 'crony capitalism'.
Crony capitalism aside, it is unclear if capitalism necessarily creates (more) inequality, although it does underpin a philosophical motive to drive individuals to extract the most from their competitive advantage, that doesn't mean they will be successful at it.
'Mixed economies', while they sound nice and centrist, I think, tend to be the worst. Ultimately, it creates a vehicle by which political comparative advantage, which is zero-sum, and coercive (if you don't follow the law you can be thrown in jail) to economic advantage, which more easily compounds.
Person A is an upper class CEO living in the U.S. in the 1930s. He has a large mansion, a paid cook and other staff which care for the "menial stuff." It's likely his bank account will never drop below seven digits. Martian A is an explorer who travels the universe in the year 2430. When he's hungry he commands his computer to make him some food. Other of his needs are met with similar ease. Is Person A inequal from Martian A? Yes. Is one of their lifestyle's more desirable than the other? Perhaps, that's for the individual to say. Is it a problem? No.
(b) -
>Where else could it stem from
How about the fascist system of government which partners with businesses to provide them special perks? How about the Federal Reserve which creates new money which becomes first available to connected businesses and in turn they benefit the most? How about any number of regulations, including minimum wage which makes it unprofitable to hire low-skilled workers?
>How is it possible to say inequality does not stem from capitalism?
Prove that it does.
I didn't liked your point A. Your comparison doesn't make any sense.
Campaigners against inequality (who are xampaigners for economic and social justice by and large) do not campaign to make every one "equal", but to make the spread smaller and the lives of those with the least less bleak.
I live in New Zealand which is a modern industrialised democracy and is quite wealthy. We have large sections of our population that are malnourished, inadequately housed, poorly educated and cut off from main stream society. The proportion of our population suffering so was much less in the years between the depression and the 1980s, during which a conscious effort was made by the state to maintain a high wage full employment economy.
The policies that worked then will not work now, but what we have is not working and is generating large costs and inefficiencies.
So it is irrelevant that "inequality stems from the fact that people aren't equal in their strengths and weaknesses". The conditions of the weakest and the degree to which the strongest can corral the resources is what counts
W
I see no evidence this is true.
For me economic inequality isn't a problem as long as people are equal under the law.