3 panel meme. Top panel - George from Seinfeld says "Why do billionaires care if they lose all their money?" Middle panel - George continues "They'll just pull themselves up by their bootstraps and make it all back with their unbelievable work ethic." Bottom panel - Jerry says "Plus if they're poor, all the money will trickle back down to them, making them rich again."
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[+] 18 points 1 year ago (4 children)
  • [–] 7 points 1 year ago

    Because money is an "universal equivalent" commodity that can be exchanged for essentially anything, ranging from food, housing and other essentials to personal political power. If you're a capitalist and can get this powerful commodity passively without doing any labor of your own, it wouldn't make sense not to go for more.

    That, and also just how capitalism works in general - capital tends to accumulate in the hands of the few given how easy it is, often even without doing anything, to monopolize industries, drive smaller competitors out of business or even absorb them.

    Add in the very basics too like how the main driving force behind companies is profit accumulation, and you start noticing that it's not necessarily a moral failure, but a system being one of capital accumulation - it's the game that everyone is heavily encouraged and told to play.

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