this post was submitted on 17 Jul 2023
544 points (98.9% liked)

World News

39041 readers
2382 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] livedeified@lemmy.world 88 points 1 year ago (5 children)

I think billionaires are a sign that capitalism is out of control.

[–] Ath47@lemmy.world 36 points 1 year ago (2 children)

Yep. They are a glitch in the system. An exploitation. There's no way that any person should deserve a hundred thousand times more money than the average full time worker.

[–] returnzero@lemmy.world 34 points 1 year ago (1 children)

They're not a glitch, they're the natural end result. When you have an economic system that rewards those with the most money, those with the money with have the most advantages and be the most successful. Naturally, over time, money will consolidate at the top.

Of course you can impose things like regulations or taxes, but that's subverting the natural course of capitalism. You're literally doing things to prevent the system from working as designed.

Billionaires aren't a glitch of capitalism, they're a feature.

[–] Ath47@lemmy.world 14 points 1 year ago

Fair point. Though I believe we can still have capitalism without such extreme wealth distribution. Tax 99% of every dollar earned above 10 mil. Make it extremely hard to reach 100 mil. Think of how much good that tax money will do for society as a whole, assuming it's used properly.

[–] Marsupial@quokk.au 12 points 1 year ago

There’s no glitch, this is simply capitalism.

load more comments (2 replies)