- cross-posted to:
- progressivepolitics@lemmy.world
- cross-posted to:
- progressivepolitics@lemmy.world
A couple of slices:
Extreme wealth disparity is not due to a lack of taxes, but rather a lack of competition. In a competitive market, profit margins are quite low. If any one company tries to set its prices much higher than the cost of production, rivals quickly undercut it. Unfortunately, large parts of our economy are blocked off from competition by laws and regulations. This allows monopolistic corporations to charge exorbitant prices.
…
Therefore, it is important to understand how billionaires create and maintain these monopolies that allow them to amass such unfathomable riches.
And:
A lack of competition allows billionaires and their corporations to not make, but take wealth from everyone else. It is not enough to merely tax them on their ill-gotten gains. We need reforms to ensure that they can’t exploit and fleece everyone in the first place.
Do read the whole thing.
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The income imbalance is only a side effect of power imbalance.
Rather than breaking up monopolies that will only ever reform themselves eventually, it makes more sense to fold them into the Public Sector, whereby their existing planning infrastructure can be better put to use in a more efficient manner. We need to move the clock forwards, not keep setting it back.
Killing them seems to do that, and it’s very cost effective. It’s affordable and achievable for everyone.
While I agree patent and copyright are cancer, this article reads like libertarian bullshit.
I agree with the sentiment and the message but the numbers in the article are off.
It states:
“The five richest people alone more than doubled their wealth from $405 billion to $869 billion since 2020.”The five richest people are now collectively worth 1,289 billion or 1.289 trillion
I hate authoritarianism of China, but they are on to something being so unhesitant to imprison and even execute billionaires.
I don’t know how authoritarian Vietnam is, but they also do not hesitate to prosecute billionaires.
