this post was submitted on 26 Jul 2024
147 points (96.2% liked)
Asklemmy
43821 readers
897 users here now
A loosely moderated place to ask open-ended questions
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- !lemmy411@lemmy.ca: a community for finding communities
~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Billionaires. Nobody ever needs that much wealth. Resources better used elsewhere for the public good.
Billionaire’s resources are used elsewhere for the public good. They don’t keep their money in checking accounts.
So why let the billionaire control them? If the resources are actually used for everyone's good, maybe they should be public resources on paper.
Or perhaps your mistaken and those resources aren't used for as much good as you believe they are.
Because the system under which wealth concentrate privately, called the free market, results in a steady increase of wealth, improving health, steady reduction in hunger and privation generally.
The system under which wealth concentrates socially, ie is controlled and redistributed by the government, tends to produce mass starvation. It is also associated with government controlled labor camps where political purge victims toil away until their own deaths, or are outright executed en masse.
These outcomes are, ultimately, a reflection of the fact that the former system is based on consent and the latter is based on forcing people into economic relationships they wouldn’t otherwise choose.
Under our current free market system, billionaires get their billions one consensual purchase at a time. Under socialism, the government gets is billions by wielding power at the end of a gun.