Saturday, October 18, 2014

The World’s Richest Man Tries to Defend Income Inequality

Click here to access article by Dean Baker from CounterPunch. (You will need to scroll down to the article.)

This popular liberal economist takes aim at the ultra-rich, as exemplified by Bill Gates, the founder of Microsoft. He reveals how they "gamed" the capitalist system to become rich, that is, "by hook or by crook". However, by resisting the epiphany that capitalist rule inevitably produces people like Bill Gates and a ruling class whose power extends throughout every institution--most of all, to the government and it judicial system--he essentially defends the system that has created the monster that we, the vast majority, are oppressed by today. He does this by inducing in us the inference that we can tinker with the system to make it perform right.