this post was submitted on 29 Jul 2023
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Showerthoughts
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Yes that is true, and you can view wealth distribution as pyramid shaped, but that is not what a pyramid scheme means. As noted the system is very good at producing massive amounts of commodities, distributing them all over the planet, and exchanging them for your labor. If capitalism did nothing useful it would have disappeared long ago.
So, a reverse funnel system? ๐
Global south would like a word.
Like every proponent of capitalism ignores the cheap labor and blatant theft of natural resources the rich nations need to make the line go up.
It's not the virtue of capitalism that makes our lives so luxurious. It's the suffering of the rest of the world.
I don't disagree. Although it is still not a pyramid scheme.