I'm not a staunch defender of unregulated capitalism, far from it. I'm also deeply aware of the abuses by the industries which are set up for the super-rich and by the super-rich. Wealth concentration in America (correction: the world) is also incredibly skewed to the point of ridiculousness. I'm generally more anti-corporate than anti-"rich" however as I think of the issues more in the context of the system is the problem rather than the people living inside the system. Which yes, is like saying, "Don't hate the player, hate the game."Fuzzy Necromancer wrote: ↑Thu Apr 26, 2018 4:02 am Your anecdote of your father is, at least, well...it made me think.
It still sounds a bit like "the only thing that can stop a bad rich person is a good rich person" though. All of these problems are things created by rich people who want to be even richer.
But if you were to take all the wealth of the rich in the world without changing the system, the problems would be there again. As we've seen in other nations. The big issues for me which would be the best way to handle the situation of poverty in the world would eliminating corporate personhood (which would mean that wealth would have to be concentrated in smaller amounts), tighter regulation (always difficult because the poor politician will be tempted by the wealth of those they're supposed to regulate), and a much bigger safety net.
The one benefit of capitalism in society is that it's really good at wealth generation, which is the big thing as wealth is not a static pie but baking pies and as we see with otherwise once prosperous nations like Venezuela that you need to keep baking pies for people to be eating. Which is to say that I'm less concerned about removing the wealth of the rich than figuring out how to get the poor to be prosperous. Which needs a lot of pies.
Okay, I'm stressing that metaphor.