I honestly don’t think the problem is that Capitalist’s don’t understand that concept; they very much do.
They also understand that the money for raising that floor would likely come from taxes on them; and so keeping the floor low means that they can keep even more profit.
It’s not a lack of understanding. It’s pure unadulterated evil.
The rich capitalists sure, but there are plenty of poor capitalists being fed misinformation, in order to maintain the status quo. And when it is the many vs the powerful few, then the more we have on our side the better
I think its more than that, they already have all the money, but wealth is relative so if they can make everyone else twice as poor then their wealth relative to everyone else just doubled.
The reason social democracy doesn’t work is because it doesn’t change the power structure. It’s treating a symptom and not the root cause. By leaving the root cause untouched, the symptoms will always come back.
that’s pretty much what happens in my country. without other countries our rich can extract value from, it’s still business as usual and purchased/pressured politicians because money is still power.
There are definitely bad actors out there trying to convince people of misconceptions, and I’m sure they have a non-zero amount of success. I recall being told some overly simplifying misconceptions of socialism when I was young.
I honestly don’t think the problem is that Capitalist’s don’t understand that concept; they very much do.
They also understand that the money for raising that floor would likely come from taxes on them; and so keeping the floor low means that they can keep even more profit.
It’s not a lack of understanding. It’s pure unadulterated evil.
The rich capitalists sure, but there are plenty of poor capitalists being fed misinformation, in order to maintain the status quo. And when it is the many vs the powerful few, then the more we have on our side the better
I think its more than that, they already have all the money, but wealth is relative so if they can make everyone else twice as poor then their wealth relative to everyone else just doubled.
this is the reason social democracy rarely works in practice.
The reason social democracy doesn’t work is because it doesn’t change the power structure. It’s treating a symptom and not the root cause. By leaving the root cause untouched, the symptoms will always come back.
that’s pretty much what happens in my country. without other countries our rich can extract value from, it’s still business as usual and purchased/pressured politicians because money is still power.
There are definitely bad actors out there trying to convince people of misconceptions, and I’m sure they have a non-zero amount of success. I recall being told some overly simplifying misconceptions of socialism when I was young.