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Luke Hutchison

TED Fellow, Google

TEDCRED 50+

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Is capitalism sustainable?

Bono stated in his TED2013 talk that the numbers show that we can eradicate all poverty worldwide by 2030. While I really hope that is true, it begs the question: Is capitalism sustainable? Is it possible to have a rich and middle class without a poor class? The sad reality of capitalism is that if there is an exponentially small number of people with exponentially large wealth, there has to be an exponentially long tail of much poorer people who are each contributing to that wealth. Not that we necessarily need an exponentially small number of people with exponentially large wealth, but would the world keep running without capitalistic incentives that increase the separation between rich and poor? Can we eradicate all poverty without the rich sharing their riches? What happens to civilization when nobody is willing to work in the factories and orchards, or build roads?

(Please don't take this question the wrong way! Personally I wish that nobody had to work menial jobs. I just don't understand how we can eradicate poverty when so many jobs will always translate into low-paid labor.)

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    Mar 13 2013: Indeed, the great Renaissance of the 18th century was associated with the attractive character of capital and its birth time gravity. The forthcoming Renaissance of the 21st century will be associated with the repulsive character of capital and its death time gravity. In other words, the law of repulsion is connected with the law of detachment.

    In the near future, all forms of the bailout packages of all governments will become outdated to save the precarious down trend of the economy. The final crunch of the currency system will lead the entire world towards the hazardous collapse. Immediately after the powerful crumble, the entire world will behold a grave disorder in the global banking system. In the aftermath, all currencies will lose their complete value. All over the world there will be an unprecedented monetary meltdown. As a result, the export and import business will witness a grinding halt. Then not even a single product will move from one place to another. There will be complete disconnection between human beings and the law and order situation.
    
    Nevertheless, there is nothing to worry. Whenever the human mind or nature witness inner energy crunch it will cross the threshold of chaos and will emerge in the form of a dynamic force or an idea in correspondence with the particular space-time.

    In the approaching days, the strong compressive wave of global financial repulsion will give birth to a sudden change in the psychological velocity, density, pressure and temperature of the entire humanity and will spiritually design the long awaited Utopian dream of tension-free and recession-free zone on earth forever!

    So, be happy don't Worry!

    For more details go through my conversation at the link below:

    How many days we can run the economy without productivity?
    http://www.ted.com/conversations/17034/how_many_days_we_can_run_the_e.html

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