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Luke Hutchison

TED Fellow, Google

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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 14 2013: As Remade states, it all boils down to resources, in which i believe. Yet as this point is correct in the phyisical sense, distrubution and greed takes the majority of the of the issue mentally.

    The point of the steel nail been thrust with the force of humanity, behind and within full view, begs the question of those who actually feel that way. (the idea of the neverending circles, the no time to think nevermind the motivation to accomplish true happiness)

    I am a sudden new believer in capitalism in the fact of it been a menial exchange for a product or service, yet when this menial exchange comes at a cost of "labour"4"freedom" it is a human error;

    I recommend not looking at the capitalistic virtues, or the pull of riches but living well within you given means, i have genuine insite as i have been on the four sides of the wooden cross, and all so recently:

    I can prove undoubtedly that money in fact brings turmoil, to daily life, and consumerism, as to put it in to perspective (that one moment you get your money, the thought of what your going to spend it.... that is one monent that is irreversable and can not be spent again, and wasted when you change your mind or progress the application to turn your money into things) i suspect it's a new generation. Like i like to know where my eggs come from (and no thanks "lion quality" thanks happy clucky berty the chicken that belongs to mr. smith) as with all comsumerables, ...

    What does the average person choose to have to be happy, as per dali lama (happiness is the key to life) and as all the greats, philosophical thinkers down to the scientifically interllectually

    I feel life for anyone needs to have variables, in which the mind can focus and be in "control" and money effectively gives that "control" to the masses. So although i don't use money per say, i have turned to moments to fulfill my life varibles.

    Money is only as involved in your life as you let it, i do feel a better well being clinic (spiritual awa

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