Pure capitalism has an implied responsibility after one becomes overwhelmingly successful, they would be inclined to reinvest the excess into society. Donations to schools, social programs, not-for-profits, and so on. And higher wages for the workers who made you immensely successful, better benefits, higher quality of life overall to incentivize people wanting to work for you, and if all successful companies did this, trickle-down economics would be real.
In unregulated corrupted capitalism, however, that excess instead is used to lobby government to make even more successful, shaping laws to shield companies from labor rights, destroy unions, surpress minimum wage, dodge taxes, and deflect hidden production costs like environmental pollution or outsourced slave labor. They use their economic leverage to remove legal responsibilities they have participating in society, while at the same time leaning on society’s resources like roads, police, emergency services, and infrastructure more than any individual ever could. Imagine how successful Bezos would be if taxpayers didn’t provide roads for his deliveries.
It’s all a big game of monopoly to them and at the end of the game, one guy has all the money and everyone else is bankrupt, in poverty, jail, or just trying to collect $200 a week to not starve. And then new generations are born into the game wherever their parents were at on the board, with no game reset. People wonder why the birth rate is dropping.
At the end of the game though our pieces all go into the same box.
Pure capitalism has an implied responsibility after one becomes overwhelmingly successful, they would be inclined to reinvest the excess into society. Donations to schools, social programs, not-for-profits, and so on. And higher wages for the workers who made you immensely successful, better benefits, higher quality of life overall to incentivize people wanting to work for you, and if all successful companies did this, trickle-down economics would be real.
In unregulated corrupted capitalism, however, that excess instead is used to lobby government to make even more successful, shaping laws to shield companies from labor rights, destroy unions, surpress minimum wage, dodge taxes, and deflect hidden production costs like environmental pollution or outsourced slave labor. They use their economic leverage to remove legal responsibilities they have participating in society, while at the same time leaning on society’s resources like roads, police, emergency services, and infrastructure more than any individual ever could. Imagine how successful Bezos would be if taxpayers didn’t provide roads for his deliveries.
It’s all a big game of monopoly to them and at the end of the game, one guy has all the money and everyone else is bankrupt, in poverty, jail, or just trying to collect $200 a week to not starve. And then new generations are born into the game wherever their parents were at on the board, with no game reset. People wonder why the birth rate is dropping.
At the end of the game though our pieces all go into the same box.