Re:Capitalism and Inequality
by socrates1998 on Wednesday January 23, 2019 @01:36PM
(#18981120)
Income inequality is forced power relations.
And we don't want an end to capitalism, we want a cap on it and limits.
The problem is how much power the elites have vs. a person with median income.
If a billionaire sues me, he will win. There is almost zero I can do about it. It almost doesn't matter what happened. I am powerless to stand up to them. Same with billionaire corporations. I have NO power to stand up to them.
The greater the income inequality, the greater the difference in power dynamics in a market/currency based economy.
There is very little justice for poor people and anyone trying to fight a billionaire.
And we don't want an end to capitalism, we want a cap on it and limits.
The problem is how much power the elites have vs. a person with median income.
If a billionaire sues me, he will win. There is almost zero I can do about it. It almost doesn't matter what happened. I am powerless to stand up to them. Same with billionaire corporations. I have NO power to stand up to them.
The greater the income inequality, the greater the difference in power dynamics in a market/currency based economy.
There is very little justice for poor people and anyone trying to fight a billionaire.