Does capitalism reduce Inequality?

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cassowary
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Does capitalism reduce Inequality?

Post by cassowary » Fri Mar 24, 2017 12:11 am

Capitalism will shrink inequality. In fact it is already happening.
Does capitalist economic growth lead to greater inequality, or less? The mid-20th-century economist Simon Kuznets believed that at first, industrialization would lead to greater inequality as a few pioneering entrepreneurs and workers moved to the cities where the growth was happening. But as rural areas emptied out and the economy matured, he said, inequality would fall. This prediction contradicted Marxist ideas, which envisioned a capitalist class steadily immiserating the workers of the world. The solution to the problems of capitalist growth, Kuznets asserted, was more capitalist growth.

Doc
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Re: Does capitalism reduce Inequality?

Post by Doc » Fri Mar 24, 2017 6:20 am

cassowary wrote:
Fri Mar 24, 2017 12:11 am
Capitalism will shrink inequality. In fact it is already happening.
Does capitalist economic growth lead to greater inequality, or less? The mid-20th-century economist Simon Kuznets believed that at first, industrialization would lead to greater inequality as a few pioneering entrepreneurs and workers moved to the cities where the growth was happening. But as rural areas emptied out and the economy matured, he said, inequality would fall. This prediction contradicted Marxist ideas, which envisioned a capitalist class steadily immiserating the workers of the world. The solution to the problems of capitalist growth, Kuznets asserted, was more capitalist growth.
Inequality is caused by cronyism not capitalism.
The classes and the races to weak to master the new conditions of life must give way {..} They must perish in the revolutionary holocaust --Karl Marx

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SteveFoerster
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Re: Does capitalism reduce Inequality?

Post by SteveFoerster » Sat Mar 25, 2017 4:12 pm

Doc wrote:
Fri Mar 24, 2017 6:20 am
cassowary wrote:
Fri Mar 24, 2017 12:11 am
Capitalism will shrink inequality. In fact it is already happening.
Does capitalist economic growth lead to greater inequality, or less? The mid-20th-century economist Simon Kuznets believed that at first, industrialization would lead to greater inequality as a few pioneering entrepreneurs and workers moved to the cities where the growth was happening. But as rural areas emptied out and the economy matured, he said, inequality would fall. This prediction contradicted Marxist ideas, which envisioned a capitalist class steadily immiserating the workers of the world. The solution to the problems of capitalist growth, Kuznets asserted, was more capitalist growth.
Inequality is caused by cronyism not capitalism.
Thank you! It's so frustrating when those on the left doggedly refer to the present mixed economic system of corporatism as thought it were a real market economy!
Writer, technologist, educator, gadfly.
President of New World University: http://newworld.ac

Doc
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Re: Does capitalism reduce Inequality?

Post by Doc » Sat Mar 25, 2017 4:25 pm

SteveFoerster wrote:
Sat Mar 25, 2017 4:12 pm
Doc wrote:
Fri Mar 24, 2017 6:20 am
cassowary wrote:
Fri Mar 24, 2017 12:11 am
Capitalism will shrink inequality. In fact it is already happening.
Does capitalist economic growth lead to greater inequality, or less? The mid-20th-century economist Simon Kuznets believed that at first, industrialization would lead to greater inequality as a few pioneering entrepreneurs and workers moved to the cities where the growth was happening. But as rural areas emptied out and the economy matured, he said, inequality would fall. This prediction contradicted Marxist ideas, which envisioned a capitalist class steadily immiserating the workers of the world. The solution to the problems of capitalist growth, Kuznets asserted, was more capitalist growth.
Inequality is caused by cronyism not capitalism.
Thank you! It's so frustrating when those on the left doggedly refer to the present mixed economic system of corporatism as thought it were a real market economy!
More like "Socialist Capitalism" really. Some are more "equal" than others. That is why I sincerely believe that government needs to shrink and with that shrinkage come goes a shrinking trough. And it needs to happen soon before we are nothing more than slaves
The classes and the races to weak to master the new conditions of life must give way {..} They must perish in the revolutionary holocaust --Karl Marx

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SteveFoerster
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Re: Does capitalism reduce Inequality?

Post by SteveFoerster » Sat Mar 25, 2017 5:46 pm

Well, but "socialism" actually means something, it suggests the means of production are nationalised, and that's not the case under corporatism. If anything it's the opposite, that state functions are controlled privately, as opposed to private ones being controlled publicly.

But I suppose as with all mixed economies, there's a lot of murky middle there.
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Doc
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Re: Does capitalism reduce Inequality?

Post by Doc » Sat Mar 25, 2017 8:24 pm

SteveFoerster wrote:
Sat Mar 25, 2017 5:46 pm
Well, but "socialism" actually means something, it suggests the means of production are nationalised, and that's not the case under corporatism. If anything it's the opposite, that state functions are controlled privately, as opposed to private ones being controlled publicly.

But I suppose as with all mixed economies, there's a lot of murky middle there.
In the Soviet Union there were stores with well stocked shelves. They were of course reserved for the people that were "Most equal"

Under practical socialism, special perks replace money. I used to have talks with the Maoist leader of the socialist workers party. She would tell me stories Like the one about female factory workers in China that worked harder to at the factory to increase production. I asked her why they did that and she said for the good of society (Read the greater good) Not believing it I pressed her about that she insisted it was true. She did what she did because she felt like she belonged to something bigger. I really doubt that is why those women did what they did. More like they got to go to the special store.
The classes and the races to weak to master the new conditions of life must give way {..} They must perish in the revolutionary holocaust --Karl Marx

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SteveFoerster
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Re: Does capitalism reduce Inequality?

Post by SteveFoerster » Mon Mar 27, 2017 7:44 am

Doc wrote:
Sat Mar 25, 2017 8:24 pm
In the Soviet Union there were stores with well stocked shelves. They were of course reserved for the people that were "Most equal"
Absolutely. It's not like that fat hijo de puta Maduro is missing any meals, even while ordinary Venezuelans dumpster dive and hunt flamingos to keep from starving to death.
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Jim the Moron
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Re: Does capitalism reduce Inequality?

Post by Jim the Moron » Mon Mar 27, 2017 12:46 pm

Let them eat flamingo tongue . . .

Doc
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Re: Does capitalism reduce Inequality?

Post by Doc » Mon Mar 27, 2017 2:43 pm

SteveFoerster wrote:
Mon Mar 27, 2017 7:44 am
Doc wrote:
Sat Mar 25, 2017 8:24 pm
In the Soviet Union there were stores with well stocked shelves. They were of course reserved for the people that were "Most equal"
Absolutely. It's not like that fat hijo de puta Maduro is missing any meals, even while ordinary Venezuelans dumpster dive and hunt flamingos to keep from starving to death.
Hey be positive!!! Where else can you find a country where a fat bus driver becomes president/dictator?
The classes and the races to weak to master the new conditions of life must give way {..} They must perish in the revolutionary holocaust --Karl Marx

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