- Feb 4, 2006
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Capitalism always has room for elevators that lift a few people up the respective levels of the pyramids. Those floors, however, are still in the abyss of the pyramid. The ceiling is still impenetrable for 99.9% - there is just an illusion of progress.
For example, your $20,000 is worthless if interest rates are kept artificially low, or if the value of the dollar plummets. Fiat money is worthless except for the credit applied to it. That isn't necessarily a positive attribute to capitalism. It may be a testament of your personal financial discipline, but it isn't a merit to capitalism. There are mechanisms to normalize the slope of the pyramid - and there are mechanisms to account for perturbations in that pyramid system. A $20,000 surplus for one human in a pyramid scheme of over 300 million (and trillions in alleged valuation) is nothing.
An apartment building is not a symbol of capitalism. Cotton High is from slave economy. Capitalism is that empty.
I don't pay much attention to any of the things you cite (they're all 'downers'). Perhaps that's why I am financially successful.
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