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by bmismyname 1389 days ago
I'm saying that capitalism is designed to enrich the owning class at the expense of the working class. It's just a system to transfer wealth toward those who already have it.

The "rising tide lifts all boats" reaganomics argument is not wrong, but if it reaches the point (where it has now) where the working class is not seeing an inflation-adjusted increase in wealth, then they are (by definition) becoming poorer over time.

2 comments

Not sure how this squares with your assertion upthread that it's hard to imagine a company that treats its workers well succeeding...
which system other than capitalism has worked better, historically? Because the alternatives seem to be worse.

The issue isn't capitalism its the political leadership who aren't interested in creating an environment where workers are rewarded in line with their productivity.

Socialism seems to be working out far better for pretty much the entire EU.
Not a single country in the EU uses socialism, so you'd be mistaken. They are all capitalist countries.
and yet when anyone in the US suggests single player healthcare, higher income taxes, or more restraints on corporations, they get accused of being socialist.
so because random people in the US are wrong, you'd like to be as well?