Capital is more like stored labour. The first ever capital was just a starp stick or spear. Someone spent labour and it resulted in a more productive way to hunt animals. This almost immediately would’ve resulted in inequality as the spear hunter caught more game. It’s not that the capital was taking anything from the labourer, it’s actually that capital and labour work really well together and humans are more productive with capital.
You’re also taking a snapshot of the most regulated industry in the US. Building high rises is illegal in huge swaths of urban areas. Before we say the free market isn’t providing an answer cab we actually try it? I’m talking removing exclusionary zoning, speeding up the permit process and reducing the power of local action committees, and reforming the broken heritage process that’s used by rich people to keep their areas from densifying.
Starbucks CEO Howard Schulz grew up in a Brooklyn Housing project, George Soros survived the holocaust and worked waiting tables, David Murdock of Dole Foods was homeless. There’s tons of examples.
Here’s a fun article that ranks the whole Fortune 400 list. 80% of them inherited their wealth or at least grew up middle class.
Jeff Bezos actually scores high on the list because his Mom had him when he was 17, he flipped burgers in high school and by and large did not grow up rich.
So where are you going in Australia?
“No idea mate. Figure I’ll sort it out when i get there.”
I’m sure you’ll get there. Just keep educating yourself.
Oxford English Dictionary defines a capitalism as :
a person who supports capitalism
a person who owns or controls a lot of wealth and uses it to produce more wealth
You seem to be really good at coming up with excuses why you can’t access the data or why the data isn’t admissible for this or that reason. And awfully good at coming up with reasons why you cannot produce any data. Too much so IMO for someone that makes the claim of others of being intellectually dishonest and that they cannot think for themselves.
But it’s okay. Why don’t we just agree to disagree? That was my original point. Some people have centrists views on the economy where they believe in socially progressive causes, free markets and strong institutions. That this view is both rational and supported by data. That disagreements are based not on misinterpretation of facts but on differences in values.
This is a study by an independent researcher from the University of North Dakota. The economic freedom index is published by the Fraser institute. There is no alternative index at this time. Here is a link beyond the paywall. Here’s a few others as well:
https://link.springer.com/article/10.1007/s10902-015-9616-x
https://link.springer.com/article/10.1007/s11482-017-9543-6
You’re welcome to share your own studies on economic freedom and happiness btw. . I’m “not thinking” yet i am the only one sharing scientific literature.
The data shows that economic freedom is associated with greater life satisfaction . That doesn’t mean that every billionaire is a good guy or that corporations don’t break the law.
You can’t take the train before the tracks are laid down.
Go to Europe my friend. You can go from Madrid to Barcelona for $30 on a train that goes over 300 km/h.
Right? There are pros and cons with every system. People disagree based on value judgements not based on misinterpretation of facts. People in their echo chambers will have you believe that everyone on the other side of the political spectrum all thinks the same way “the same people who say X also say Y!” Rarely is that the case. Most people are actually centrists who have their own independent beliefs on a wide range of topics.
A lot. Because our infrastructure and zoning basically demand you buy a car. That’s not the point. The point is to advocate change through local government.
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I’m not even trying to go down the capitalism vs socialism debate route. All I’m saying is democracy isn’t like this perfect system that is only compatible with the most perfect and utopic principles.
Hitler was elected by a democracy in case you forgot.
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I guess if you think about it that way then everything is luck and we live in a deterministic world where none of your choices matter. That still wouldn’t support the argument in the OP meme though.