On July 1, the NY Times ran an article titled “Is Economic
Inequality Really a Problem?” (https://www.nytimes.com/2020/07/01/opinion/economic-inequality-moral-philosophy.html?searchResultPosition=1)
The author was unable to provide an intelligent answer to his
question because, like virtually all “liberals,” he doesn’t realize that under
capitalism and its saving and investment, one man’s wealth is the source of
other men’s wealth.
For example, one man’s billions invested in auto plants are the
source of tens of millions of average people having automobiles. And similarly for
all other products.
The liberal ignoramuses think products come from nowhere and that
the capital wealth that makes them possible resides in a heap of consumers’
goods that serves no purpose except to make capitalists immensely fat while everyone
else starves.
These ignoramuses have created generations of
other ignoramuses, who are now getting ready to destroy the capital wealth that
sustains them. Whoever wants to know better can do so by reading my Capitalism:
A Treatise on Economics. Available at amzn.to/2PM19ut
