this post was submitted on 19 Mar 2025
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Economical equality is in itself impossible, because each person will have different needs in the end. Equity, on the other hand, understands that, but still wants to level out the playing field.
However, from that to thinking that wealth disparity/concentration isn't part of the problem is one hell of a leap, because it very much is part of the problem, and it is also stagnating growth: less money in the hands of people who will actually spend it means there's less incentive to risk starting a new business. Reduction of buying power forces smaller businesses to close/sell out, creating more concentration of wealth and power (or monopolistic advances) and spreading unemployment.
I cannot understand how you can say you care about the wellbeing of the working class while not being against, at the very least, excessive wealth concentration
I am not saying I am not against wealth concentration. I saying I am not opposed to it inherently.
You did say earlier:
Also, you seem to be clinging too hard to "i'm against equality", which is fine, as I stated in my previous comment, but your sole reasoning for that is "without an incentive to gain lots of money, people won't take risks" - which is not true at all, either, unless you assume money is the only thing that can motivate people into doing anything. Not every teacher teaches just because of money, not every medic treats people just because of money (maybe not true in USA, but more likely outside of it), not every game developer is in just for the money.
I did say that. Because I believe the decisionmaking power should be concentrated, but if it is necessary to increase the purchasing power of the populace, I am not against that.
I am simply saying equality is not a value. That means whether or not society should be equal is a practical question for me and not a moral one.
"without an incentive to gain lots of money, people won't take risks" is not my point at all. Also, what do they even risk if they are not capitalist?
Depends on what they end up doing. Could be time (most research), could be their health (physical or mental), could be their lives. You should try thinking a bit harder.
I mean they are certain they will lose their time and labour, so there is no risk involved, is it?
I literally stated that, depending on what they do, it could risk their health or lives
Well I hope they are sensible enough to not risk their lives for free.