Mamdani, the presumptive Democratic nominee to be the next mayor of New York and a self-identified democratic socialist, said Sunday billionaires contribute to inequality.
I’d imagine it’s just the argument for capitalism. You know, profit incentive increasing efficiency and productivity and all that. Now this stuff is true to an extent (though a lot of politically active Lemmy likes to pretend otherwise), but all the good stuff happens before a single person reaches a billion dollars so if that’s the idea it would pretty much fall flat on its face.
I’d imagine it’s just the argument for capitalism. You know, profit incentive increasing efficiency and productivity and all that. Now this stuff is true to an extent (though a lot of politically active Lemmy likes to pretend otherwise), but all the good stuff happens before a single person reaches a billion dollars so if that’s the idea it would pretty much fall flat on its face.