7 ms·
Dan, I'll chime in. I don't know your circumstances, but when I read a critique like this my first question is always "where has the person travelled?". It's ve
by brianfitz 11y ago
Dan, I'll chime in. I don't know your circumstances, but when I read a critique like this my first question is always "where has the person travelled?". It's very difficult to spend time in places devoid of capitalism and not notice the differences. Due to my past work, I travelled all over the globe to both established and emerging markets -- and work simply can't explain the levels of disparity. What repeatedly made a difference was ownership. For example, the poverty in Addis Ababa is overwhelming. Once you get past that, the second thing you'll likely notice is that the government has a tight grip over business there. There are no McDonalds, Starbucks, or any recognizable brands there. This is for the "benefit of the people", but really is just there to protect government interests (the coffee place nearly has the exact same Starbucks logo). In one area where there were nice homes, a single individual owned the entire lot of them. Unlike the US where you might be able to acquire property or make free choices about a new business, your choices are restricted there. There is much talk in the US about the top 1%, but this defines the "99%" by limiting the sample size to only those living within capitalism. On a global scale, the top 1% is anyone making over $34k a year.