General Discussion
In reply to the discussion: Elizabeth Warren says the U.S. economy is rigged. Many americans agree. [View all]fasttense
(17,301 posts)abject poor. The gulf will continue to grow until there are only 2 kinds of people remaining. Those who were born wealthy and have a pampered decadent life and those who were born into abject poverty and suffer miserable lives.
Because the rich can make money off their money and the poor can barely get decent wages for their labor, capitalism always causes instability and destruction of a society.
Read Marx he explains how this always happens.
You can NOT put rules or laws into the system to prevent it because with wealth comes power. The rich lucky few keep attacking any restriction, or rescinding laws, to their growing power and wealth. Look how easily GlassSteagall was overturned. Look how the rich are trying to do away with almost every benefit FDR put into place. Look how they propagandize their greedy ideals - Ayn Rand, "free-markets" Trickle down, Globalization, Trade agreements that by-pass the sovereignty of a country. The laws that were put into place after the 1st RepubliCON Great Depression only slowed down the psychotic wealthy. We are right back to the unprecedented levels of inequality that no society can long stand without revolution.
If you have to keep making laws and restrictions on the richest capitalist to prevent them from abusing all of us, then there is something wrong with the system. We should have an economic and political system that doesn't need to be restricted in order to keep it from imploding.