Tuesday, 12 February 2019

How bad is Capitalism?

Per year in UK 94b in dividends, 39b national debt interest, 51b private debt interest = 184b paid to capitalists.

GDP = £2000b.

9% of GDP supplements the income of capitalists.

Compare with treasury receipts at 29%.

However while treasury receipts are spent democratically by and for the country's 66 million, capitalist income is spent solely by a few individuals.

How many benefactoirs of capitalist returns on investment (ROI) are there? Using Pareto's 80/20 Law we can speculate that 20% of the capitalist class claim 80% of that income. Certainly the benefactors of national interest and private debt interest (aka bank owners) number only a few 1000. So being insanely generous say 1 million have enough capital to extract significant ROI from UK economy.

It mean that the capitalist class benefit 20x more than the non capitalist class.

As the public sector is cut back by capitalists, this imbalance will only amplify.

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