> Justinian I wrote:
> Xeno,
You are assuming that wealth is limited.
This is a good point. You are suggesting that 1% of total world's wealth may be enough to sustain humanity's basic needs. An ethical, sustainable, equitable civilization with a benevolent dictator owning 99% and the rest of humanity the remaining 1% might, then be possible. But would it be plausible? As it is, perhaps 35% of the world's wealth is held by the poor and middle class, and their endeavor to fulfill basic human needs is highly frustrated. Based on this, I think it would be more likely that their endeavor to fulfill basic human needs would be even more frustrated in a world where they control only 1% of the world's wealth.
Besides, wealth IS limmited. See below regarding your next point:
"Capitalism creates wealth."
Capitalism is simply a means of distributing wealth. Wealth is not created by it. Consider wealth as something intrinsic and finite like the resources in a mountain. There is only so much metal in this given region to be mined. After it is mined, its 'wealth' has been diminished by the amount mined. The metals, have gone into products elsewhere, adding wealth to those products. Some of these metals were used to construct, in part, your monitor (be it your computer's screen, phone's screen, TV's screen, or screen of whatever device by which you are reading this sentence). The mountain's wealth, and the wealth of all places from which other natural resources were used to construct the other parts of your monitor, has been depleted by this process. What we are talking about isn't really the mountain's wealth, of course, but, rather the wealth of future generations who might have otherwise used those metals in the future. Also, the wealth of all those whose labor was involved in the process of harvesting the resources, manufacturing, and distributing the product to you has also been depleted. By the capitalistic process involved with the production and distribution of your monitor, then, wealth has simply been redistributed to you by the amount of the intrinsic wealth inherent in your monitor. How much wealth, then did you provide them in exchange? It must necessarily have been MORE than the intrinsic wealth inherent of the TV monitor, for the process of producing and distributing the product to you they would only have done for profit. Thus by your purchase, you diminished your wealth: they profited by the amount your labor you exchanged which is in addition to the intrinsic wealth inherent of your monitor. Ultimately, the environment, or rather, the wealth of future generations makes up the deficit in this process: at one point in the future, while your monitor is buried in some landfill site, the mountain or regions from which the resources were originally extracted for the production and distribution of your monitor will have been depleted, and that future generation will not be able to use those resources. The capitalistic process, then, does not create wealth, but merely transfers it to our time from future generations.
"Sure, the majority of created wealth goes to the entrepreneurs, but at the same time everyone becomes wealthier."
If we are talking, then, about redistributed wealth, wealth which is redistributed from future generations to ours, wealth which is redistributed to ours without the consent of those future generations, is it really relevant who gets it? That anyone does is unethical, and do so without regard for those future generations is a crime; worse yet is how our system distributes this wealth to those in our time who need it the LEAST, when we should be redistributing this wealth to those who need it the most: to those who are frustrated in fulfilling their basic human needs.