Economic growth vs. economic justice

One of my biggest concerns is the blatant inequality of wealth in many societies and how that often translates into total injustice. Those who are raised in wealthy families tend to remain wealthy. And where there is wealth, there is also power. Meanwhile, those who come from poor families tend to remain poor. Because there are a finite range of resources in any society, those who already have wealth also have access to the highest technologies sooner than others, thus enabling them to maintain and even increase their wealth still further at the expense of the impoverished. And I’m not just talking about individuals, but about nations as well. The United States is far, far richer than Afghanistan  and will probably always remain so. Thus, while America is on the cutting edge of technology, the people of Afghanistan still live largely like they did a century ago, because they simply cannot afford the latest computers, cars, or private jets.In a capitalist economic system without any restraints, the rich will get richer and the poor remain poor until finally you have a few ultra rich and masses of the poor that will never have a chance to get better. And because cash flow then drops to minimal levels due to the tendency of the rich to hoard their fiances while the poor cannot even spend much money, the capitalist system collapses under its own weight.Karl Marx forsaw this. His mistake was to assume there was no way to prevent this and it was actually a good thing. Wrong! A restrained capitalism in which the government taxes the rich highly to prevent them accumulating too much wealth for themselves and does not tax the poor at all is both just and more productive in the long run. That is why I cringe whenever I heard about President Bush taking credit for his tax cuts for the wealthy helping the economy grow. Such growth will not last forever, of course. I’d rather have economic JUSTICE and STABILITY rather than merely GROWTH.

Why did Communism fail?

When I look at Communism, I see a system that had entirely good intentions in the beginning but also had flaws that became more and more obvious as it was put into practice. It is ironic to me that the proposed solution to the abuses of capitalism, resulting as they did from the concentration of wealth and power into the hands of a few, was to take that wealth and power and transfer it all to the GOVERNMENT! That’s a bit like treating a burn by putting the burn victim into boiling water. So the whole point of Communism was a farce from the start, but those who followed it acted like religious fanatics, never allowing its contradictions to really impact their minds until it was too late. Yet they claimed to be atheists? What HYPOCRITES!!!

Communism failed because it had the same results as extreme capitalism, concentrating power in the hands of a few elitists. If the cure is as bad as the disease, why bother?