Re:Graph-Powered Machine Learning at Google
by edanm on Saturday October 08, 2016 @08:23AM
(#12666714)
Capitalism is around 200 years old. Most of the extreme income inequality in the States has been going on for only around 30-40 years or so. So I don't think you can necessarily blame only capitalism for this.
Also, I don't think anyone knows the exact causes of this growing inequality - some libertarians, for example, would argue that it's excessive regulation that is causing part of the problem - which isn't capitalism, it's the opposite of capitalism.
But most importantly, note that I specifically talked most strongly against the idea that only the rich get richer. Just as an example, how many of today's billionaires are relatively new to the game? It's not all of them, not by a long shot. And while some minimum level of "being rich" is certainly a factor (in the send that everyone who lives in a 1st-world country is rich), there are lots of people on that list who started with relatively little.
Also, I don't think anyone knows the exact causes of this growing inequality - some libertarians, for example, would argue that it's excessive regulation that is causing part of the problem - which isn't capitalism, it's the opposite of capitalism.
But most importantly, note that I specifically talked most strongly against the idea that only the rich get richer. Just as an example, how many of today's billionaires are relatively new to the game? It's not all of them, not by a long shot. And while some minimum level of "being rich" is certainly a factor (in the send that everyone who lives in a 1st-world country is rich), there are lots of people on that list who started with relatively little.