plebplebpleb on Nostr: I beg to disagree. The rich made mistake and can become poor The issue isn't in ...
I beg to disagree. The rich made mistake and can become poor
The issue isn't in capitalism.
But in
1. government (that allow crony socialism or commonly known as crony socialism). Calling it capitalism doesn't make sense as it is not freemarket anymore since government is involved. Like bailing out the rich.
2. Fiat. This allow rich to earn money without working. Just taking interest all the time
Without those two, the rich wont be too big to fail. And have to actually continue to provide value to maintain their wealth. And if they do maintain their wealth because they continue to provide value, so be it. The enemy are leeches that don't provide value
The issue isn't in capitalism.
But in
1. government (that allow crony socialism or commonly known as crony socialism). Calling it capitalism doesn't make sense as it is not freemarket anymore since government is involved. Like bailing out the rich.
2. Fiat. This allow rich to earn money without working. Just taking interest all the time
Without those two, the rich wont be too big to fail. And have to actually continue to provide value to maintain their wealth. And if they do maintain their wealth because they continue to provide value, so be it. The enemy are leeches that don't provide value