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| quote: | Originally posted by Capitalizt
Absolutely not! Milton Friedman had a great quote on this subject:
“Most economic fallacies derive from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.”
In the real world, there is no fixed pie. It is perfectly possible for society as a whole to increase their wealth and improve their well-being. The fact that there are a few people with a huge amount of wealth does not prevent the the population from gaining it on their own. They haven't stolen from the poor...On the contrary the products and services that made them so rich are what make life easier for all of us! In a free market, no transaction is made unless both parties believe they will benefit from it, and the fact that people like Bill Gates and Michael Dell can become billionaires through voluntary exchange means that their ideas and products have made the public HAPPY. They have satisfied the demands of the people and profited greatly from it. Sure, Gates and Dell might be rich assholes with more money than God, but when you look at what they have done for modern societies, it's hard to claim they don't deserve it. Their products have brought technology and global communication to the masses.. Cheap home PCs and versatile operating systems have made the population as a whole more educated and informed...They have saved time for individuals and greatly improved the productivity of millions of businesses. The wealth created for society by these inventions vastly outstrips any personal fortune gained by the inventors.
Everyone is lifted by the inventions and innovations of people like Bill Gates. There is no fixed pie. Sure, he may earn much more money than the rest of us, but we all benefit from his success. |
So, you're telling me than everyone can be rich and successful at the same time ... under the current system.
Wealth distribution, throughout history, has never been fair. Even today, the gap between the rich and the poor increases. And for a huge number (billions) of people no matter how hard they try they will not be able to become rich and successful ... like if you are born into a poor family in Indonesia, as a random example.
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Whenever you go and buy something, you are affecting someone somewhere, be it environment, a person, or a community - you're making a statement with what you buy. So make it a smart choice ... Its a big picture
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