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  • From: "Tony Spencer" <tony AT tonyspencer.com>
  • To: "'Internetworkers: http://www.ibiblio.org/internetworkers/'" <internetworkers AT lists.ibiblio.org>
  • Subject: RE: [internetworkers] from the desk of Arianna Huffington
  • Date: Thu, 22 Jul 2004 00:58:44 -0400

My argument is not at all flawed. I very simply state that we are a
capitalistic society and we have a greater percentage of our society living
outside of the realm of poverty.



T O N Y S P E N C E R
Notsleepy LLC
6512 Six Forks Rd.
Suite 502-B
Raleigh, NC 27615
Phone: 919.848.0691
Mobile: 415.637.6481
tony AT tonyspencer.com



> -----Original Message-----
> From: internetworkers-bounces AT lists.ibiblio.org
> [mailto:internetworkers-bounces AT lists.ibiblio.org] On Behalf
> Of Paul Cory
> Sent: Thursday, July 22, 2004 12:52 AM
> To: Internetworkers: http://www.ibiblio.org/internetworkers/
> Subject: Re: [internetworkers] from the desk of Arianna Huffington
>
> >> "Capitalism, by it's very nature, concentrates wealth and
> power into
> >> the hands of a very few, and those few are loathe to give it up."
> >>
> > I'm dumbfounded by this statement. Name one nation in this
> world that
> > has a greater percentage of its population >living< more
> comfortably
> > than American's do.
>
> Your argument is flawed, because America doesn't practice "pure"
> capitalism. In this country, capitalism's tendency to
> concentrate wealth and power has been reigned in by
> government action: labor laws (minimum wage, overtime pay,
> collective bargaining rights), antitrust laws, regulation of
> monopolies (such as power companies), estate taxes, and a
> progressive tax code that, combined with a welfare system for
> the poor and elderly, redistributes wealth from the rich to
> the less fortunate.
>
> Please also note that over the past 24 years, as the
> Republicans have gained ascendancy, they have greatly
> weakened government efforts in all the above areas.
> Predictably, over the same period of time, wealth in this
> country has become more greatly concentrated.
>
> Paul
>
> ---
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>





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