this post was submitted on 16 Dec 2023
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[–] [email protected] 6 points 1 year ago* (last edited 1 year ago)

Capitalism without inequality is contrary to its definition

I mean kinda, but it's a matter of degrees. Capitalism revolves around the private ownership of capital, so will not enforce a given level of (in)equality. Still though, the overall amount of inequality (I.e. by the GINI index) can vary quite dramatically between capitalist societies. From Brazil up in the 60's to Germany down in the 30's.