Wealth is kind of accumulation (or, appropriation) in plenty earned by unlawful looting (law is taken for granted here) of others' produces which is reproduced as one's wealth - wealth is never one's own earning, and constitutional laws give it its full surety and security. if you have plenty of wealth, you are wealthy, you gain access to power and you are powerful to reckon with.When you are powerful, you mean to be politically powerful.That means you have the power to power over and rule over the entirepopulation living under the dire duress of economic and political discriminationa domination - so long as this persists, the wealthy scums of the society will remain wealthier, the heinous corrupted and criminals to the core will go on ruling as ever over underprivileged lot who are poor as usual and would become more and more poorer.
Economics is a subject of corny hoaxes and foxes. What do it actually does? What have itactually done so far? The so-called elitist economists have written tomes of meta-physical theories to alleviate and eradicate poverty, they gave gained name and fame, also Nobel Prizes, but poverty has remained poverty with overflowing discrimination and domination. This kind of elitist economists have always tried to tender a cosmetic changes to the intricate problem so as to poverty look like consummate to the macroscopic eye, and thus they tend to play into the hands of power that be.
It is high time they stop thinking of the poor people and their consuming poverty.
On Oct 24, 2019david doane wrote :
Wealth is having an abundance of something of value, very possibly gotten legally through hard work. Wealth and power can be used to do good or do bad. There are wealthy people who do good and wealthy people who do bad.
On Oct 27, 2019Jane wrote :
I do think capitalism is set up to advantage those who have wealth and so are governments. You are respected if you have wealth and treated as scum if you are poor. I would be careful to label those with wealth and scum as that is a prejudiced and unbalanced view. But I tend to agree we are all pawns to a system which is not democratic. You could win big money tomorrow - does that make you scum? No it depends what you do with your money. Making meaning will always be more important than making money.
On Oct 27, 2019Jane wrote :
Your last sentence is key I think. If the poor remain beggars waiting for handouts then they remain slaves internally and externally. They are the ones who should be coming up with their own solutions. Africa's poor remain poor while millions was poured into this continent and ended up in the bank accounts of corrupt leaders, officials and the minions around them. And yet those who gave the money largely from America trusted that the systems in place would work and the poor would benefit. I just think your argument points to only one of many reasons or causes of poverty and can lead to hatred which is toxic to all.