Opinion – Capitalism and Income Inequality

Currently, income inequality is a big topic, everyone is talking about the 1% having all the wealth and the rest us wallowing in poverty. will it ever be possible to get rid of inequality? will we ever have a society where a doctor gets paid the same as a cleaner, or builder the same as a drive? inequalities have and will always be there, there will always be poor people in society and there will always the 1% that makes all the wealth.

This is what sociologist call the Mathew principle. Based on the book of Mathew in the Bible, the basic premise of the principle is that, if you have more, more will be given to you. Or in other words, the rich get richer and the poor get poorer. ” For to everyone who has will more be given, and he will have an abundance. But from the one who has not, even what he has will be taken away.30 And cast the worthless servant into the outer darkness. In that place, there will be weeping and gnashing of teeth.”  Robert K Merton reckoned,  those who have more power, wealth and talent will be put in a position where they earn more. For example, Bill Gates by virtue of his talent and sheer hard work would have put in events and situation where he can make more money. The is the essence of a free market capitalist system, it rewards hard work, those who put in more will reap more, this is why it turns out that only the 1% few control three-quarters of the wealth. Karl Marx in his conflict theory reckoned society is in constant conflict between the rich and the poor, the rich construct rules, make money to suppress the poor. The rich get more status and more money, they craft laws to keep other people poor. This is why communist-socialist states have attempted to level of the plain filed, this way of thinking as Dr. Jordan Peterson says it assumes that the 1% has stayed the same through history. Not only do the 1% change over time, but the 1% wealthy creators and income inequality are not exclusive to Capitalism. Communism, totalitarian or fascist regimes also have classes that control all the wealth. In fact, it is hard to imagine any system of governance without a ruling class and a working class.The difference with capitalism is that the 1% happen naturally through hard work, unlike communist or totalitarian regimes.  This is why am against equity and diversity programs because they designed to achieve an equality of outcome. And in a society with people having different abilities and interest, equality of outcome impossible to achieve.

Equality of outcome is even more dangerous in a democracy where people who they want to. Society can only achieve equal representation between men and women in government, only if positions are allocated based on gender, race or sexuality and not abilities. Otherwise, people will vote for who they think is the best person to lead them. In capitalism, the working class can become the ruling class. For example, Barack Obama who came from a humble middle-class working family whose father is Kenyan. Communism will in my opinion never give us a Barack Obama or Ben Carson. Dr. Ben Carson especially, regardless of what you think of him, he worked his way to the top. The man grew up in a single parent home after his father left and lived in one the poorest parts of Detroit. And to make matters worse he was born during a time when there was real racism.

Finally, the utopia that communism advertises never works has never worked and will never work, the countries that have tried to establish communism have left us with a lot of body parts. Looking at the fruits of Communism and totalitarian regimes, it is alarming that most millennials would rather live under these regimes than the free market capitalism. Capitalism has its flaws, but it is the best system that we have now, the poorest person is still richer than the average person 100 years ago. It has done more to lift people out of poverty than any other system of thought. The free market of ideas has made it so that people who work hard and have good ideas win. And if I am applying for a job I hope I get the job because I deserve it and not because of my color, sexuality, race, or gender.