As opposed to Communism, where they extract as much wealth as possible and concentrate it on the 0.1% (the party leadership). Especially when they go to beyond the first generation.
Best case capitalism is not “wealth concentrates on the 1%”. Best case capitalism (which in fact has happened in many places around the world) is “everyone gets richer”.
In a similar way, worst case communism has also happened in many places around the world.
Where does the money come from that makes everyone richer?
You can only have more if somebody else has less (money concentration)
That’s basic economics, isn’t it. Wealth is increased (not just moved) in several ways in a free market system. But not only in a free market system – in communistic systems the same thing happened as well, only in a different framework. And less efficiently in the end.
As opposed to Communism, where they extract as much wealth as possible and concentrate it on the 0.1% (the party leadership). Especially when they go to beyond the first generation.
You’re comparing best case capitalism with worst case communism.
When communists concentrate wealth, they are corrupt, the system is not working as intended.
When capitalists concentrate wealth, the system is working as intended.
deleted by creator
Best case capitalism is not “wealth concentrates on the 1%”. Best case capitalism (which in fact has happened in many places around the world) is “everyone gets richer”.
In a similar way, worst case communism has also happened in many places around the world.
See why I prefer one over the other?
Where does the money come from that makes everyone richer?
You can only have more if somebody else has less (money concentration)
That’s basic economics, isn’t it. Wealth is increased (not just moved) in several ways in a free market system. But not only in a free market system – in communistic systems the same thing happened as well, only in a different framework. And less efficiently in the end.