Seems important to note that the article doesn't seem to be about capitalism per se , but "business-friendly" capitalism as currently practiced in the U.S. and parts of Europe. In that regard the conclusion (regarding wealth inequality) really isn't that surprising. If the ROI of having money is really higher than the ROI of earning money (i.e. by wages) then the conclusion over time is as simple as the solution to a…
> Seems important to note that the article doesn't seem to be about capitalism per se, but "business-friendly" capitalism as currently practiced in the U.S. and parts of Europe. Interesting how I've seen this argument a lot lately. It's a nice mirror of the exact same argument I heard a lot about communism and/or socialism in the 1980s: that criticism of communism wasn't so much about communism per se, but about the…
Yes, life at the extremes of any philosophy or ideology tends to turn out badly IMO. Things are just too complex to be distilled into very simple solutions, try as we might.