Anonymous@95205 said:
- "Capitalism needs people to create things in order to have the things we take for granted. Otherwise we would still be living in caves. Under capitalism, every free person is allowed to create whatever wealth they are capable of, and every free person is allowed to trade their wealth for whatever they want. Their trades represent an economic vote and therefore capitalism is basically an extension of democracy, in that every single person is free to have their say on the economy through their work and purchasing behavior. Essentially this is a classic argument of individual freedom and state control of the individual. Certain personality types will polarize and gravitate towards both positions. Some personality types feel a need for authoritarian control over everything and others value freedom."

This is all very nice and ideological, but irrelevant. The fact is that the underlying mechanism of a positive-interest exchange medium requires that some people will lose out.

Basically, the economic system we have inherited (from the midieval age of expansion and exploration) forces either bankruptcy, or requires slave-type labor.

This is because interest money has to come from somewhere. Some have the power to make interest payments work for them, and their investments gain them extra capital (that they didn't actually work for, btw), while other people are on the ass-ream end of interest payments.