Why do the richest 10% own 85% of the worlds wealth?

Because it's a lovely society, allowing the free movement of wealth. Anyone with the right luck, idea and determination can make it into the top chunk of the pyramid. In the Western world anyway.

Because capitalism as an economic system relies on private ownership and running of business solely for profit, without any concern for worker's rights.

This is in contrast to socialist or socialist libertarian systems e.g. cooperatives and workers councils where decisions are made democratically and any profit is shared between the workforce, as opposed to being concentrated within a top elite.

Any institution which is privatised (i.e. being run by the minority for the benefit of the minority) is automatically undemocratic compared to an enterprise controlled by the majority i.e. its workers.

Communism is just as autocratic as fascism. Maybe not in theory but in practice. And what you call 'democracy' sounds an awful lot like communism.

And let me ask you this. This system you advertise, how come no party has successful stood for it elections. Surely that is indicative that the majority do not want such a system.

C-C-China T-T-Tienanmen


What?



We never had this conversation

Communism is just as autocratic as fascism. Maybe not in theory but in practice.

And what you call 'democracy' sounds an awful lot like communism.

And let me ask you this. This system you advertise, how come no party has successful stood for it elections. Surely that is indicative that the majority do not want such a system.

What people object to is the amount of luck necessary to 'make it to the top' if you come from a worse background.

The reasons are simple. Most people think they are better than everyone else and will be rich, or at least want the tiny possibility to exist. For this, they pay the price of living under capitalism, and just about all will remain in the poor 85% (or whatever it is).

People are also fooled into thinking that anyone can get to the top, when in actual fact most have no chance from the start.

Serves people right for their greed really.

Well it's funny, but not everyone can be rich. Sad fact if the world I'm afraid. But I'd rather take my chances and try and be rich, rather than be confined to being a poor labour class always as the Communists would like to see.

I wouldn't call the various state capitalist dictatorships that evolved in the 20th century anything resembling communism.

Indeed, the cornerstone of scientific socialism or classical Marxism (not that Leninist crap) is democratic worker's control of enterprise, something that was absent in the USSR and so on.

A capitalist system run by the state and not private corporations is still a capitalist system.



"Democracy is the road to socialism" - Marx




I'm not "advertising" anything.

Well cooperatives have been put into practice, perhaps not in this country, but they have been implemented succesfully in Spain.

As for what the majority do and don't want, what's that got to do with me? I'm presenting my opinion on the topic at hand, I'm not claiming to speak for anyone but myself. But the public are easily mislead (that is what tends to happen when the media is monopolised by capitalists)...indeed I do not think socialism will be implemented any time soon, and certainly not within my lifetime.

Well it's funny, but not everyone can be rich. Sad fact if the world I'm afraid. But I'd rather take my chances and try and be rich, rather than be confined to being a poor labour class always as the Communists would like to see.

Because it's a lovely society, allowing the free movement of wealth. Anyone with the right luck, idea and determination can make it into the top chunk of the pyramid. In the Western world anyway.

Why should they not have that money? Because some labourers are jealous of them when they're on £5.65 an hour? That's their own damn fault, and they should realise that. Just look at the likes of Alan Sugar. You can be a success no matter what your background. Capatalism rewards the thinkers, the high achievers and the best of our society. Admitedlly, their offsrping get headstarts, and their companies sometimes monopolise, but that is only a small problem. No, there is no problem with Capatalism. The problem is those on the bottom rung that see it as their right to have whatever their superiors have. If you want a 7 bedroom house and a Porsche, guess what? You have to excell. You can't expect to have it given to you. Equally, when someone does excell, why should they have that taken away from them to pay for those that don't?

What do you suggest people should do then?

Rather proves what I said about greed being the cause of capitalism.

This. Communism brings everyone down to make them 'equal', instead of pushing the exceptional to achieve their potential.