Would you Call an Economic System That Allows one Person to Amass $100 Billion While 63% of the Population Couldn't Handle a $500 Emergency Successful?
Does that sound like a fair distribution of wealth?
It's been drummed into all of our heads that free market Capitalism is the best system on which to base an economy. But is it? They say Capitalism has raised more people out of poverty than any other system. That is total bullshit. What raised people out of poverty was the industrial revolution and it happened in spite of Capitalism not because of it. Capitalism seemed to work in the US for a time. That's where the phrase American exceptionalism was born. Capitalism has failed everywhere it's ever been tried except the US. The only reason it seemed to work here was a 150 year labor shortage and a lot of spilled blood that kept wages rising until the mid 70s when the labor shortage was ended by computers. Now we have a wealth gap that hasn't existed since the Pharaohs. In fact, the Pharaohs would be green with envy. Democracy, in any form, is impossible under these conditions. When they changed personnel to human resources it should have been a clue. Workers are just another resource to be exploited to exhaustion or collapse in pursuit of profit. It's the most destructive system known to man and it forces people to worship money and battle over scraps. The sooner we realize this doesn't work the better off we'll be. Everyone and their brother has tried to fix it and some of the fixes worked but not for long leaving Capitalism as unstable as it is destructive. There's a major downturn every 3 - 7 years and just like the game, one person ends up owning everything. In the US 3 people now hold as much wealth as the bottom 50% and 1/10 of 1% own as much as the bottom 90%.
We have CEOs that make $250,000 a day. 365 days a year. When median income is $51,000 a year? Are you kidding me? How is that fair distribution? Do CEOs produce that much more? No, they don't. Jeff Besos doesn't produce shit but he does treat his employees like shit. When he had employees passing out from heat exhaustion did he air condition the warehouse? No, he had an ambulance parked outside on standby. Because it's hard to get by with only $100 billion. And now they want to eliminate the inheritance tax? This is beyond stupid. It's as absurd as all the tax cuts that started with Reagan. When 63% of the richest country in the history of the world couldn't handle a $500 emergency how, in the wide, wide world of sports, can you call this system a success?