The Rich Are Getting Richer
I’m sure you know the rest—the poor are getting poorer. I think the world’s economy is designed just to make these words come true. You have lots of money, invest it, and end up with much more than you started with. As this goes on—if we take real estate as an example—the more the rich invest, the higher the demand is, and the higher the price goes, and the poor can’t even find a place to live.
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This is not the intent of true Capitalism—which is not implemented anywhere in the world, and never has been—but it is a possible effect. Under a proper Capitalist system, many—but certainly not all—rich people would be those who made their riches through legitimate means on their part. Thus, since they're talented enough to make their initial riches, they're also talented enough to continue so—thus becoming richer. The poor, on the other hand, are frequently those who are unable or unwilling to do what it takes to do much in the first place. Under true capitalism, though, there should be no restrictions on who can start a business easily and run it without being hassled by the government unless they commit fraud or attempt to use force—actual force and fraud, not just competition or other legitimate business practices—against other people or corporations. Everyone should have the opportunity to succeed if they are able, but not at the expense of anyone else.
- by Jonathan
- 8:30 AM
- 3 May 2010
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That said, under our current political system in the U.S.—and I don't mean just this particular administration, but going back for the past 100 years or more, though it is slowly getting worse—there is certainly a lot of corruption in government and business. There are a lot of real monopolies being backed by the government, often under the guise of stopping something else the government calls a monopoly, but which is doing nothing wrong. Businesses and unions get the government to enact laws that benefit them at the real expense of others all the time, and that is wrong. Under proper Capitalism, this would never be allowed, because the government would be extremely limited and would be unable to grant favors to anyone. People and businesses would have to succeed on their own, not be propped up by someone else's money that was taken by force.
- by Jonathan
- 9:17 AM
- 3 May 2010
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