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nickthemagicman

You're not extrapolating.

Thats just the top 8 people...Take the sum of the rest of the the global 1% or even 10% and do your math...

OH nm, the math has already been done.

280 trillion in global wealth / 6 billion people = 46k per person

And the top 10% has 86% percent of it, and the inequality is just growing exponentially.

I'm not advocating that wealth should be equally distributed OR that capitalism is all bad..however, that in-equality is STAGGERING....unregulated capitalism with no income redistribution is a one way ticket to a third world PLANET.

https://www.credit-suisse.com/corporate/en/articles/news-and...

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Unregulated capitalism is not what's causing the massive inequality we see today. It's the financial and monetary policies. I'm not saying we shouldn't have regulations but the ones we have are centralizing wealth into the biggest corporations. If you look this modern massive growth of inequality doesn't really start until the 1970's after we whet off the gold standard and theirs an uptick in inequality every time the fed decides it needs to pump a bunch of money into the economy.

Do you have examples of these 'financial and monetary policies' you're referring to?

What I see is that Wal-Mart makes a ton of money and their employees have to be on food stamps and still work 80 hour weeks while the owners reap all of the profit.

To me this is simply unregulated capitalism which nowdays has become thinly masked slavery.

Walmart employees don't work 80 hours a week...that's absurd, most can barely handle a 4 hour shift. All in all people get what they're worth, want to earn more money? Bring more valuable talents to the table.

False.

> Unregulated capitalism is not what's causing the massive inequality we see today. It's the financial and monetary policies.

Well, considering that financial and monetary policies are aimed at deregulation, and that financialization of the economy in developed countries is a thing, it would appear that unregulated capitalism is precisely what is causing massive inequality.

It's not terribly controversial that anarchocapitalism is a bad idea. It's also an entirely different proposition from the one you previously advanced.

What idea did I 'previously advance'?

But income redistribution only adress the symptom. The capital assets driving the inequality would still be firmly in their control. You must put a price on ownership it self to really make a difference.

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