Rephrasing your assertion: "pointing out only one well known result in your argument's favor immediately debunks your entire premise." That's not how logic works, buddy. Do you honestly think I will list every single good rich person in the world, or even just the US? That would take more research and time than is feasible for one person. Just because I only point out one or two examples doesn't mean they are the only ones I know. And please, if you're going to make such assertions based on a lack of citation, please cite your own counter arguments. It just makes you sound silly.oktalist said:If you can only point to one or two examples of self-made billionnaires, you've kind of debunked your own argument. Hard work and good ideas my arse. They got rich by lying, cheating, stealing and generally being ruthless bastards.2. Some have asserted that the rich prevent others from being rich.
It's a mathematical constant that as long as there are rich people there will be poor people. If everyone woke up tomorrow with as much money as Bill Gates, inflation would see to it that by mid-afternoon, we'd all have as much money as an Indian telemarketer. It's a zero sum game.
And don't talk down to me about simple economics or twist my words so maliciously. I wasn't saying everyone will or should suddenly become ultra-rich and the economy will still hold. I was saying that in a Capitalist society it is at least POSSIBLE. A lot of people in this country would be very rich if they weren't so bad with money, that's the problem. The sad fact of reality is that not every will become rich not because of some conspiracy, but because they don't see the right patterns, or aren't good at something marketable, or just aren't good at math (of course, some will have very unlucky lives outside of their control that prevent them from succeeding but they are by far in the minority). And if everyone was instantly equally rich, inflation settled in, and we were all "Indian telemarketers" in terms of money, isn't that exactly what we would have essentially with socialistic equality? If there are no rich and no poor, then everyone has the same amount of money, which isn't all that much. Is it better to have no chance for something better or to have a chance based on your own motivation and skills (barring unfortunate accidents or sickness)? Capitalism definitely provides the latter.
Also, do you realize that MOST rich people aren't famous? You hear about the corrupt, embezzling CEOs and whatnot, sure. But you also hear about murderous gamers. Guess what: not all of either of them do terrible things like that. There are rich doctors, rich scientists, rich artists. And if those rich people didn't charge for services they were good at, they would be overwhelmed with all the work people tried to get out of them. If you make a good product or provide a good service (and being a good CEO is a good service to provide) you have to raise the price so that the demand isn't too high for what you can supply. That is extremely basic economics. You have to pick and choose who gets your attention or let the market forces do it for you.
No person (or at least, no person I know) who actually knows about practical Capitalism believes in total stability. We know about Boom and Bust. There was a boom in the 1920s, then the Great Depression (for those wondering, no the market crash was more of a result/parallel happening than a direct cause for the Great Depression). There was a boom in the 1990s, then what we have now. We know these things happen. Big boom, big bust. Small boom, small bust. There isn't a perfect system. There never will be. Eventually it breaks down. Capitalism, Socialism, Communism, they all fail at some point in the long run. I've known about this for years and it makes me very confused why people were so panicked, and in some cases shocked, that the economy went bad.Whatever it was that finally toppled the house of cards, whether it was a breeze or someone brushing past or sneezing, the house of cards was highly unstable to begin with, and its collapse was inevitable sooner or later. Free market stability is kind of like a perpetual energy generator; there's this little thing called entropy that means it'll always be a pipedream.3. Part of the reason for the recent economic troubles...
My point here is that you can never get rid of the most basic concept. Someone will always say "I have x." Another will respond "If I give you y, can I have x?" This is basic bartering. In modern times, either x or y will almost certainly be money. But you can put in anything of value: food, clothes, shelter, favors, etc. If one person has a lot of extra food for some reason, they might give it away for a favor or clothes. Or building materials. Or a well made hammer. And if you are good at making clothes you may just make a bunch of them and trade them off for everything else they need. Bam, essentially Capitalism with no money. Price doesn't mean cold hard cash. It's what it "costs" to get something, or get you to give something.Unless you get rid of the whole concept of price, and money.4. Someone mentioned something along the lines of "money = political power today." This is nothing new and as long as someone influential wants something, there will be someone willing to give it to them, for a price.