the rich poor disparity problem is unsolvable unless the solution is total control of the market and complete socialism.
Because for example I wanna take the risk and invest my money to start a buisness only if I can get a equally rewarding return in profit. Why else should I take that much risk and effort? It’s not like already established buisnesses starting a new one from scratch is incredibly risky until and if it grows big enough.
So in any economy where there won’t be having the incentive, no one will care enough to start any buisness. That makes it the govt’s job to literally run all the buisnesses to make every single product for every niche community, whetger it’s essential, luxury, hobbyist etc. And the govt can only manage so much. This is why socialist economy crumble in comparison to capitalist ones. Because in capitalist economy you MAY be rewarded for taking the risk, so people come up with all sorts of innovative stuff to become big. The downside, some of them become so successful that they become too big.
Is there an inherent need to have something like “businesses”? Do I have to be rewarded? Do I need all those niche products provided by those businesses?
Humans exist for a very long time. I am quite sure our ancestors survived pretty well without businesses, rewards, incentives, cosumerism or capitalism. Edit: And without billionaires. Especially without billionaires.
the rich poor disparity problem is unsolvable unless the solution is total control of the market and complete socialism.
Because for example I wanna take the risk and invest my money to start a buisness only if I can get a equally rewarding return in profit. Why else should I take that much risk and effort? It’s not like already established buisnesses starting a new one from scratch is incredibly risky until and if it grows big enough.
So in any economy where there won’t be having the incentive, no one will care enough to start any buisness. That makes it the govt’s job to literally run all the buisnesses to make every single product for every niche community, whetger it’s essential, luxury, hobbyist etc. And the govt can only manage so much. This is why socialist economy crumble in comparison to capitalist ones. Because in capitalist economy you MAY be rewarded for taking the risk, so people come up with all sorts of innovative stuff to become big. The downside, some of them become so successful that they become too big.
Is there an inherent need to have something like “businesses”? Do I have to be rewarded? Do I need all those niche products provided by those businesses?
Humans exist for a very long time. I am quite sure our ancestors survived pretty well without businesses, rewards, incentives, cosumerism or capitalism. Edit: And without billionaires. Especially without billionaires.