this post was submitted on 05 Feb 2024
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Under capitalism the rich will get richer, and the poor poorer. That's the whole point of it. Guillotines are a solution to get UBI.
Your last sentence is where I fear we will end up. The very wealthy would be wise to realise it and work reform themselves.
I disagree that capitalism, at least in the way I understand it, always leads to rich getting richer, poor getting poorer. Many European countries have a happy medium that rewards risk-taking while looking after everyone. While most still slowly get worse on the Gini coefficient it’s based on pretty much the 0.1% pulling away and away, while the rest of their societies actually stays roughly the same. So really they only have the top of the top of the top to deal with, whereas a country like the US has a much larger, all-encompassing inequality.
All countries of Europe are going fascists one after the other. Why if there is no problem?
Europe had capitalism under a leash because communism was here to threaten it. Since the 90's, capitalism is unleashed and inequalities are rising. USA didn't had communism to tame its capitalism, because it was basically forbidden because of the cold war.
Capitalism is entirely focused on having companies making a profit. If you don't have strong states to tame it and redistribute the money, inequalities increase. It's mathematical.
The rise of fascism has more to do with people’s impression of immigration than it does capitalism.
Inequality in Europe isn’t rising if you disregard the top 0.1%. It’s the very very top that needs adjusting in Europe.
I agree with your last paragraph. Of course you need rules and redistribution. That doesn’t mean that capitalism, if well regulated, isn’t the most productive or the most effective at increasing wealth for everyone.
Fascism has everything to do with poverty and inequalities. And inequalities in Europe are rising a lot. Where do you get your informations?
Capitalism is a sickness. It breeds crisis that lead to war, and it lives out of war and exploitation. But that's beside the point.