• merc@sh.itjust.works
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    4 hours ago

    There’s wealth disparity and then there’s the wealth chasm of today,

    You think the chasm today is as big as the gap between Augustus Caesar and a slave in Rome, or even a Roman plebian? Augustus Caesar’s wealth is estimated at around $5 trillion in today’s money.

    The only way in which capitalism is responsible for wealth gaps is that it is tied to technological developments. In the modern world technology allows 1 farmer to feed hundreds of people. One century ago (also under capitalism) it was only about 4 people. More people who aren’t farming means more labour to allocate to other things, which means more wealth can be concentrated at the top.