Why Capitalists feel Capitalism is best for all.

[TheRealMafoo]

HappySqurriel said:

In my opinion the best economic system would be the economic system which increased the standard of living of all people at the fastest rate. Consider the following:

1. The only way to increase the standard of living of all people is to develop the technologies of the future
2. The education required to be able to aid into the development of new technologies takes a lot of work to get
3. The effort required to develop advanced technologies is very high
4. The vast majority of people are lazy and will put in the minimal amount of effort required to achieve an acceptable standard of living; and this acceptable standard of living is based on what currently exists with very little consideration for what is possible in the future.

The more effort you put into "Spreading the Wealth" the less incentive there is to put in the hard work to get the education necessary to advance society, and then to put in the hard work to actually develop the technology that advances society, so the result is that more and more people hit a level of mediocrity and give up (because they have hit an acceptable standard of living).

 

Now, over a person's live-time the advances in technology will eliminate "Poverty" as you know it and replace it will a new form of "Poverty" which has a dramatically higher standard of living ... Ask someone who is in their 80s (or older) and grew up "Poor" whether they see poverty like they were raised in; if they're anything like my grandfather they will probably say no because the "Poor" of today all own multiple sets of clothing, eat several meals a day, and countless other little observations about things that we all take for granted.

 

 

This should be the OP... He says what I meant to say so much better.