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by jandrese
2647 days ago
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The paradox of capitalism. Due to the positive feedback loop of capital it naturally gravitates towards a system where a single individual controls all of the capital, at which point the system has completely collapsed. In practice it would have collapsed before that point, but for basically the same reason. None of the capital is where it needs to be to be useful. This is why you need stuff like progressive taxes, public works projects, and social programs on top of capitalism, to pull money out of the top and re-inject it at the bottom lest the system get too top heavy. |
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