Showing posts with label inequality. Show all posts
Showing posts with label inequality. Show all posts

Friday 1 March 2013

Is Capitalism dead?

Interesting opinions from a political expert/philosopher on current and future economic conditions with a focus on Capitalism.



I especially found statements near the end of the video assuring. Basically, the point was made that Scandinavian countries, while maintaining a high degree of social programs and a far more level income equality ratio among their citizens, they remain among the top countries in global economic competitiveness. In other words, the old argument that conservatives like to use for attacking all forms of  income re-distribution is a crock.

There is no reason why the wealth of a country cannot be more evenly shared while the nation remains vital in a global, competitive economy. You don't run out of "other people's money" because not everyone gets "on the dole" just because they can. People are just as anxious to invent, discover, and create jobs even if they won't earn the obscene amounts that their American counterparts do. I use the word "obscene" not because I begrudge anyone the fruits of their labour, but only because that wealth comes at the expense of large numbers of hard-working or even non-working folks who struggle for food and shelter every day.


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