DoubleR is describing the result of accumulated investment as though the accumulation required no sacrifice, risk, competition, or restraint to create.
No, I was describing something entirely different, this is where your mind took it, and it only shows that the point went way over your head.
The implication isn’t “unfair”, it’s a demonstration of how in a capitalistic society those who accumulate wealth become better positioned to attain even more wealth. You talked about how Walmart accumulated that wealth over generations, that’s exactly my point. Folks like yourself love to talk about capitalism as a system where winners and losers are purely the result of one’s own abilities plus work ethic. My whole point is that it’s not.
Once upon a time, if you wanted to open up your own hardware store you’d find yourself competing against the other guy who opened up his own hardware store. In those days, hard work was likely to win out.
Today, if you want to open up a store of any kind you’re now competing against Walmart, Home Depot, Target, etc. These multi billion dollar companies are likely to crush you with their advertising, massive workforce and prices they’re able to offer due to their bulk purchases. Your best bet is probably not to compete with them, but rather to work for them.
This is why it rings hollow when people act like if you’re not rich it’s basically your fault. “Look at all these other people who did it”. Yeah, and look at how those people are an increasingly small piece of the population. That’s not an accident, that’s how capitalism works. That’s the point.
Shifting the words wealth and power to say that “power is largely zero-sum” reveals the deeper error. Political power is zero-sum... Prosperity isn't.
No one is claiming prosperity is zero sum. It doesn’t matter whether you’re talking about political power or economic power. Power by definition, is zero sum.
Do you deny they economic power is a real thing?
That's why I will NEVER see inequality as evidence that capitalism has failed.
Yet again, failing to understand what this conversation is fundamentally about. The question is about what kind of society we want and how much government intervention is necessary to attain it.
You don’t see inequality is an issue because in your mind it’s purely a result of work ethic ability, and life choices. The part people like you often blind yourselves to are the headwinds I talked about earlier. We do not ask come into this world with the same opportunity to succeed. Some get way more of a headstart, some barely ever had a chance. That’s the foundation of what we’re actually talking about.