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Thu Feb 20, 2020, 09:42 AM

Billionaires did not use to be so common. [View all]

In my opinion, the technology revolution of the 1990's created a lot of wealth that went directly to the top. It was not equally distributed. But that was the way capitalism had always worked.

But when one person has as much wealth as the bottom 125,000,000 million Americans, something is awry. It is out of kilter. But that is the way capitalism works, we are told.

This massive transfer was happening at the same time as wages were stagnating and workers saw little or nothing of the great fortunes being made by a few lucky individuals. They were not geniuses. They were business-minded, lucky individuals.

However, as this wealth accumulated to a few at the top, our infrastructure and our society seemed to decline.

People asked, how much money does one person need? They were looked at as wild-eyed "socialists" for even asking such a question. Is wealth creation about individual freedom or the betterment of society? What should be the purpose of a capitalist system?

In my opinion, these are questions that should be asked. What responsibility does capitalism have to our society?

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Reply Billionaires did not use to be so common. [View all]
kentuck Feb 2020 OP
dubyadiprecession Feb 2020 #1
Newest Reality Feb 2020 #2
LiberalArkie Feb 2020 #3
dumbcat Feb 2020 #7
LiberalArkie Feb 2020 #8
ehrnst Feb 2020 #4
kentuck Feb 2020 #5
ehrnst Feb 2020 #6