Feb 27 2013: But do you think thats practical, any practical suggestion should start with a legislation and expect people to learn why it is there over generations, how do you think this can ever become a legislation, I mean every person taking a decision cannot be influenced by law.
Feb 27 2013: Personally I feel capitalism, in its present shape and form, has to die, and that may not be such a bad thing, I can foresee a combination of capitalism and socialism coming up, while the absolute bottom level of human wealth is raised, and the absolute top is defined.
How may this become a reality, well, can we think of a cap on absolute personal wealth, say no one can hold assets or income beyond a particular level, so that there is a clear force to push "down" the spare wealth.
For this to happen, human beings should learn and accept that beyond a point it is counter-productive to society to reward the capitalist. I am not very confident of this happening though, people may say even a billion dollars is not enough.
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A reply on Conversation: Is capitalism sustainable?
A comment on Conversation: Is capitalism sustainable?
How may this become a reality, well, can we think of a cap on absolute personal wealth, say no one can hold assets or income beyond a particular level, so that there is a clear force to push "down" the spare wealth.
For this to happen, human beings should learn and accept that beyond a point it is counter-productive to society to reward the capitalist. I am not very confident of this happening though, people may say even a billion dollars is not enough.