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hfojvt

(37,573 posts)
6. Uh, no that is a false alternative
Thu Oct 15, 2015, 12:58 PM
Oct 2015

reminds me of the Iraq debate where war supporters framed it as a choice between
a) invade Iraq or b) do nothing

There are always a whole bunch of alternatives - capitalist ones. Here's a couple

1. consider capitalism in Switzerland. According to the CIA world fact book, in Switzerland the poorest 10% consumes 7.5% of the national income and the richest 10% has 19%. Compares very favorably to the USA where the poorest 10% only consumes 2% of the income and the richest 10% gets 30%.

2. consider capitalism in the American past. What I call the good old days - before Ronald Reagan.

In 1986, the top 1% got 11.3% of all income, and the bottom 50% got 16.7%

In 2006,. after 20+ years of Reaganomics, the top 1% got 22.1% while the bottom 50% only got 12.5% Seen in pie form here http://www.koch2congress.com/5.html

So there are alternatives to massive inequality besides "nothing for everybody".

Latest Discussions»General Discussion»CAPITALISM: As American A...»Reply #6