Why You Won’t Get Rich: How Capitalism Broke Its Contract with Hard Work - Robert Verkaik
Language: EnglishKeywords:
Capitalism
Class
Economics
Finance
Neoliberalism
UK Politics
Shared by:daenigma100
Written by
Format: MP3
Bitrate: 64 Kbps
From the bottom to the top of our economy, capitalism is too blunt an instrument to tackle Britain’s epidemic of inequality.
Soaring rents, unfair taxation and a growing gig economy have brought about unprecedented economic shame: Amazon warehouse workers living in tents, nurses turning to foodbanks, London firemen commuting hundreds of miles to work.
Even those higher up the ladder are losing their grip on the life they were promised. Barristers take home less than the minimum wage, and doctors are starting out with £100,000 student debts on salaries lower than the national average. We’re all facing a new economic phenomenon - in-work poverty. At the same time a generation of young professionals is coming to terms with never being able to own even the cheapest home in their area.
The only way to reverse the damage is if everyone feels they have a financial stake in society.
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| Creation Date: | Sat, 24 Jul 2021 15:49:58 +0200 |
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| Robert Verkaik - Why You Won’t Get Rich Audiobook.mp3 217.21 MBs | |
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This post has 11 comments with rating of 5/5
July 24th, 2021
Nice one, daenigma100 best uploads ever!
July 24th, 2021
Here’s the thing, capitalism was never about everyone getting rich. It was about the free market allowing as many people as possible to have as easy and most comfortable life possible. If you work an honest job, you will have a better life than you would ever have in a communist/socialist country. The idea was never they every single person is going to work their everyday average jobs and become rich. You will however, have a much higher standard of living.
July 24th, 2021
The average American doesn’t expect to get rich but the inequality in this country is extreme. Capitalism has created a system where greed rules. In total wealth the top 1% of the population owns 43%, the next 19% of Americans own 50%, and the bottom 80% own 7% of the countries wealth. And to add insult to injury, the rich pay almost no taxes. I’ve been lucky in my life and I’m doing OK, but there are 10’s of millions who struggle every day just to get by.
July 24th, 2021
“If you work an honest job, you will have a better life than you would ever have in a communist/socialist country.”
I have friends who work and can’t afford housing. One of my friends is scared of freezing to death this winter because she’s mentally ill, works where she can, but can’t make rent. She can’t move because that will reset her disability court date. In Communist Russia, for all its problems, people who worked had housing. Even people who didn’t work typically had housing. We can’t claim that in the US.
The problem is not capitalism, but the unregulated form we have. For capitalism to work it must be regulated to ensure competition and that it benefits the public interest. Otherwise we end up with monopolies. Like we have now. I can’t help but wonder if my friend would be on the street if companies like Blackstone weren’t buying up all the affordable housing.
July 24th, 2021
I’d say some asshat decided to parade his ignorance by writing a book to join the ranks of other ignorant asshats who did the same. Smacks forehead.
July 25th, 2021
The forms of capitalism, economy models was never really design to elevate people out of poverty. Even when you consider developed countries, it has more to do with how they are able to extract more resources from others or their own massive reserves. All the arguments, but I doubt anyone dispute the rough estimation of 1% of the world holding 82% of the world wealth. If capitalism was suppose to elevate the masses, that shouldn’t be the ratio. Someone else once put it another way, the advocates always raise a few rags to riches as example of how ‘anyone’ can make it. But just the inability to point to any greater number already shows that the system were never design to elevate more then a hand full. It’s like the Healthcare system, they keep emphasizing ‘anyone’ and avoid ‘most people’. And it’s usually not ‘anyone’ but a selected category of people.
The truth of the matter is there is no such contract with hard work. The genuine is in convincing people there is.
July 25th, 2021
@BioCapsule, thanks for sharing that thoughtful comment. I love how the weak criticisms from the right generate such thoughtful and insightful comments, allowing the open minded to see the paucity of the conservative world view. As you say, “they keep emphasizing ‘anyone’ and avoid ‘most people’” using the classic divide and conquer strategy and so opening the way to them blaming the victim.
That strategy is quite sophisticated, compared to what the majority of them do: call black white, move the goal posts, and project their own failings onto their opposition.
July 25th, 2021
Same tired old arguments from commies who can’t point to any commie country where their utopia was ever achieved.
July 25th, 2021
Why concentrate on the wealth accumulated by the top 1% as if that is not true in commie countries? Why not talk about even the lowliest in a free country enjoying a better standard of living than those in commie countries and opportunities unheard of in commie countries to improve their lot?
If you don’t like free market economies the solution is simple. Don’t live in a country where they operate free markets and stop your bitching!
July 25th, 2021
brava
July 28th, 2021
@wheresmycannon
Only if by “as many people as possible” you mean a handful of oligarchs and by “comfortable life” you mean imaginable luxury.
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