But let’s not pretend here: there is no such thing as inclusive capitalism. By definition capitalism is about the creation of inequality. In a capitalist system trade and industry are undertaken by private owners for profit, rather than by the state. Their goal is the accumulation of ever more resources under their control because that is the way they can ensure their survival. However, in a world where resources are finite this command over ever-increasing shares of resources inevitably means more and more will lose out as a consequence. You don’t have to be a Marxist to think that: you merely have to observe the world as it is. Marx forgot increasing productivity and technical innovation in his analysis…..
What? Marx forgot about increasing productivity and technical innovation?
Umm, wasn’t it actually all about exactly that? The incredible increase in both brought about by industrial capitalism? To such an extent that pretty soon right now we will have beaten the economic question of scarcity and true communism will follow?
Is there no beginning to this man’s knowledge of economics?