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7 years ago there were no billionaires worth more than $100 billion - today there are 18! (sh.itjust.works)
submitted 2 years ago* (last edited 2 years ago) by to c/aboringdystopia@lemmy.world
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Billionaires 7 years ago:

https://web.archive.org/web/20171004002738/https://www.bloomberg.com/billionaires/

Billionaires today:

https://www.bloomberg.com/billionaires/

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[–] -1 points 2 years ago (7 children)

Capitalism does have some uses, like which TV you want to buy, but it needs to be heavily regulated.

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  • [–] 5 points 2 years ago (6 children)

    People can still make TVs without capitalism...

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  • [–] -1 points 2 years ago (4 children)

    So what's stopping them?

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  • [–] 5 points 2 years ago (3 children)

    The fact that we live under capitalism today? People can grow crops without feudalism as well, but it's not up to the individual serfs to decide if they want farm for themselves and their community, or for their liege lord. But the very same factories that produce consumer goods with a profit incentive today, can do the same for the benefit of the people tomorrow.

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  • [–] -3 points 2 years ago (2 children)

    very same factories that produce consumer goods with a profit incentive today, can do the same for the benefit of the people tomorrow.

    Yes. Until everyone ends up in poverty, because over time, nobody knows what to make and how much. The longer the supply chain the stronger the effect will be.

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