Does Capitalism Inevitably Produce Inequalities?

[ancianita]

82. Of course it does. Workers who provide ROI have no say in profit distributions, which are

usually upward to management as much as outward to shareholders.

On a personal level it takes great discipline to go from the renter class -- food, clothing, shelter subsistence -- to the rentier class. Too many working class people remember cycles of capitalism's instable cycles that produced enforced debt, recessions, unemployment, bandruptcy, foreclosures, rigged credit and finance. They see that central banks are central planners of all the projects and 'externalities' that produce massive resource scarcity and human suffering for the enrichment of the relative few, even if they're in the millions.

Mistakes made by a largely unmonitored government have left inequalities. Unbeknownst to the general public over past decades, administrations have erred in allowing the privatizing of public's assets -- public services, utilities, military operations, technology development, public schools and state universities -- to privateers who've wasted more money, degraded more of the earth and discarded more American workers, such that public has come to see voting as a rigged corporate boardroom vote.

Americans have become so inured to inequality that they call regaining it "progressivism"!!