this post was submitted on 16 Dec 2023
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How capitalists get rich (sh.itjust.works)
submitted 10 months ago by cyu@sh.itjust.works to c/unions@sh.itjust.works
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[–] Ummdustry@sh.itjust.works 6 points 10 months ago* (last edited 10 months ago)

Capitalism without inequality is contrary to its definition

I mean kinda, but it's a matter of degrees. Capitalism revolves around the private ownership of capital, so will not enforce a given level of (in)equality. Still though, the overall amount of inequality (I.e. by the GINI index) can vary quite dramatically between capitalist societies. From Brazil up in the 60's to Germany down in the 30's.