this post was submitted on 11 Oct 2023
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Capitalism enables people to become rich yes, but many workers do quite well, amassing large retirement accounts and saving their hard-earned money until they too can invest it in a business. The most wealthy and productive societies with the highest wages all of major aspects of their economies controlled by free markets. It’s not a coincidence.
I feel like you're missing the point on purpose.
The workers do the work, yet the owner is the one who gets the money.
Why?
Of course the wealthiest countries have free markets. Why would that be a coincidence? It's exactly the mechanism I described, but on a global stage. Wealthy people exploit the poorer to become wealthier. Wealthy countries exploit poorer countries to become even wealthier.
This is a cycle that will only end with one person becoming the owner of everything, or revolution to end it.
The labour share of income is 70% which is the majority of the money a business makes.
That's less than the 100% they deserve for doing 100% of the work.
Please just acknowledge the fact that it's mathematically impossible for a wage worker to actually receive what they made. The owner has to pay themselves, after all...