Internetworkers: http://www.ibiblio.org/internetworkers/

["Tony Spencer" <tony AT tonyspencer.com>]

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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