Topic: Economic Inequality - page 5. (Read 8907 times)

“Civilization” began with the ability to “store” (read: withhold to an unnatural degree) value. Prior that, Homo sapiens had to meander about with the animals they hunted—enduring egalitarianism.

Well, we know  that the economic inequality has existed since the beginning of civilization so we can rule out all possible reasons listed here, as they are much newer than civilization.  There is clearly something intrinsic about civilization itself which leads to this result.  

Obviously, as the people who are rich are historically the people who make the rules, it stands to reason that they would establish rules that maintain and increase their wealth; this is true regardless of political or economic systems in place.  Further, it is also clear they it is critical to their wealth that they main a lower class (basically everyone else).  Even if there were an abundance of wealth to go around such that we could all be "rich", it is not in their best interests to facilitate this.  After all, I can't hire another billionaire to do my work for me, it requires someone who has no choice but to do my work for me.

Really? Come on. This is such fantasy

Bitcoin is probably going to result in one of the largest redistributions of wealth in history.
Who knows, we may be the lucky few who got in early into this gold rush

we blame capitalist that hoard as much wealth as possible leaving only a thin slice of the .pie for the average guy to share among themselves...rich or poor also depend on hard working and the change of the current money.

Okay, checking out your video now.

Ok, you may go in here and reply to these 3 questions, you and everyone else in this thread, it's relevant:

https://bitcointalksearch.org/topic/m.9507742

Very interested in your replies.

known since the beginning of the capitalist economic system, the economic imbalance occurs, the conglomerates continue to accumulate wealth so that continues to grow, they monopolize every field of business so there is no chance for others to start a business, any business that strategically they controlled, so that the rich get richer while the the poor poorer ...  

Careful comrade

it all depends on what economic system we use, when we use the system of capitalist economy, economic imbalances will be more visible, the rich will get richer while the poor are getting poorer, there is no economic justice, if we use the capitalist system, economic system this is still used by most major countries are there in the world such as American and European countries

I suggested that we should learn to wear Islamic economic system, where the rich and the poor help each other there is a relationship between one and the other, in the Islamic economic system is no term zakat and charity, where the wealth of the rich are the poor of his rights to be issued immediately when reaching reckoning, I think the Islamic economic system is better than other economic systems such as the capitalist economic system ... 

The goal isn't to have equality.  The goal is to keep inequality gap from getting out of hand.  Would you rather have a distribution like Post War US & UK or Pre Revolutionary France?

That's the issue now as the IG gets close to the levels of Pre Revolutionary France

since the beginning, even when the time that money is not yet in existence, there is already an unequal distribution of wealth. Its already on the system. We cant do anything to have an economic equality.

Everyone was born unequal, the only thing people can do is to make a fair-play system for everyone, but that is still a best effort thing

Bitcoin can make the system better by abolishing "creating money out of thin air" scam. Money should always be produced with a cost that corresponding to its value, so it becomes a fair trade between money and goods/services

However, people tends to rely on large and powerful organizations to protect them, it is this demand created the chance for banks to rob people of their wealth, it seems people are volunteered to be the victim

So what we can do is to educate people to be independent about their money, but I don't know if that will work. Banks existed for thousands of years, there is a reason why they are needed, mostly a psychological demand

The president appoints the chairman of the federal reserve (as well as each of the member of the board of governors of the fed) however there is no accountability to the president once they are confirmed by the senate. Also the federal reserve does not receive any funding from the government (it is the other way around) so it is not subject to congressional pressure 

The Federal Reserve was created by an act of Congress and the president appoints the Fed Chairman.  Also, a significant amount of the federal government's funding has been coming from the Fed.

First, I object to the concept of people as "workers". "worker" is just a euphemism for "serf" or even "slave". People should take responsibility for their own lives and stop looking for other people to support them. If people approached work not as employment, but as self-employment, they would be much better off.

Second, the claim that capitalists "hoard as much wealth as possible" is odd, since the most successful capitalists hoard very little of their wealth. Instead they utilize it to increase their wealth.

I believe the reason for the disparity is that it takes money to make money and thus people with wealth are able to increase their wealth more than those without. If income disparity has increased, it is probably due to technology increasing the efficiency of using money to make money.

I think it is very apparent that the solution to the problem of income disparity in the past has been revolution. Unfortunately, the ability of people to revolt against their subjugators has been diminished by the growth of government, which ironically also has resulted in the institutionalized corruption that has contributed to this income disparity. In order to eliminate income disparity, there must be a revolution of some kind, and in order to achieve a successful revolution, the size of the government must be reduced. Unfortunately, the people that suffer from income disparity are the majority and they tend to believe that more government is a solution to the problem, when the truth is that big government perpetuates the problem and prevents the revolution.

I believe that Bitcoin may be the revolution we are looking for. Governments certainly see it that way. Just look at how they approach it -- with fear and trepidation. They know how dangerous it is to them.

Most central banks are generally independent from political affiliation and are not controlled by any political appointee.

Yep, people that have the ability to create money buy out the politicians.  Then the politicians use the money to buy votes.

Blaming someones misfortune to others is inherent quality as a human. But it does not necessarily mean that the one who is finger-pointing is not taking himself into account. It could be that he has already done all what he could do to address such issues but unfortunately, "OTHERS" are into the equation that ain't doing their part, hence the blaming game starts.

I certainly agree with you on that. From the time of campaign up to the time when they are already elected, money is what makes some politicians go round.