it doesn't matter what kind of economy system the world has, as long as people act like assholes toward each other, any kind of economy is flawed.

if i were a supreme leader of the world, i'd put less focus on economy and tech advancement and more focus on teaching everyone how not to be dicks first.

how do you regulate 6 billion people?

in our capitalistic world, the top 10% of the world population holds 85% of the world's wealth. the top 2% holds 50%.

this means that if the world population is 100 people, and the total wealth of the world is 100 units, the top 10 people have 8.5 units per head, while the rest of the 90 people of the world only have 0.16 units per head. The top 10% people has 53 times more wealth than the rest of the world.

and obviously none of them deserve most of their wealth.

Bill Gates and Warren Buffett are perhaps the two richest men alive. Can you tell me what exactly it is that they do everyday that deserves them +USD40 billion in their banks, which is probably a million times more money than you and i will ever see in our lives? Does this mean that they are working a million times harder than you and me?

This post has been edited by mylife4nerzhul: May 22 2010, 01:03 AM

So you're saying it's morally okay for the super wealthy people to deserve all their money not by contributing towards society by physically working like how it's supposed to be in the first place, but by outsmarting everyone into giving them more money? And getting returns a hundred fold compared to other people who actually physically work day by day in blood and sweat?

And difference between me using a pulley to lift heavy objects and an tradesman who overcharges his product 500% more than it's worth and underpays his workers is that one involves manipulation of machinery, while the other involves manipulation of HUMAN BEINGS.

This post has been edited by mylife4nerzhul: May 22 2010, 04:41 PM

So Bill Gates set up a charity foundation and suddenly it's all okay? So you're saying if i rob $1 million from a bank and give half of it to charity then it'd be okay? He can act philanthropic all he wants, but stealing is stealing.

Compensating Gates? It's HIM who should compensate everyone else, since in the early days, Microsoft bullied and drove other competitors out of business which resulted in the Windows monopoly that you see today.

I'm not saying that all employers are taking advantage of their employees. What I'm saying is that the employer is morally responsible in paying their employees their due, and not just giving only the top executives RM50,000 bonuses a year while their employee wages remain stagnant or even dropping.

If by leveraging you mean setting up a business with a loan, then there is nothing wrong with that. As long as you pay the bank, your tax collectors, your workers, and everyone else their rightful dues, there is nothing wrong. It's when you start overpaying yourself and start underpaying others and overcharging your services when things start to go wrong. Unfortunately that's is the norm among employers and corporations these days.

No one's forced? You speak as if the willing buyer/willing seller system is flawless and incorruptible. Tell me, what OS are you using right now? Windows? Are you using windows because it's a superior operating system? Or because it's the only OS that supports all your favorite programs, which is the direct result of Windows monopoly? I bet it's the latter. It doesn't seem like a choice now is it?

Back in my college days, there was a mamak restaurant nearby who overcharges their food. The thing is they are the only mamak restaurant within that area, so it's either travel 8 km away to eat or pay RM6.00 for just fried chicken and rice. Now it doesn't seem like a choice now is it?