Capital increases faster than wages so wealth concentrates. Wealth purchases political offices and attracts many followers for cutting taxes on the wealthy. Thought the founders revolted against people so wealthy they were royals and had superior legal rights, many modern people are sycophants of the agenda of a tiny minority and actually believe that people like Warren Buffet levering capital to acquire more are compensated in some kind of proportion to their effort (as if billionaires put in thousands of times more effort than the average workers who is immeasurably inferior. It is not communist to suggest that taxes be increased on capital and that there be a fair allocation of resources to every individual citizen in order to allow everyone real opportunity to develop ideas. The advantages of those with vast capital drives society within the political economy they desire. That can be counterproductive to the survival of humanity.
Philosophical reflection upon life and the political economy is not only better than the unexamined life, it is necessary for human existence. Blind economic forces motivated by greed for unlimited excess wealth will not design a good environment, end wars or relieve human suffering so far as is possible and reasonable within human capacity. The 1% have so much wealth that they can adversely influence voting by increasing inflation or creating recessions that would be little trouble for themselves at all yet would be wrenching for the lower middle class and poor, who would then vote for their economic ‘savior’. Communism is entirely a horse of a different color with all horses of the herd being of equal size, grass allowance etc.
All that need arise is a rectification of capital such that public debt is eliminated, education through even the graduate level is free (perhaps simply accredited free on-line college courses by regional accreditation agencies) and social review of new jobs is required to determine if the new business will have a net positive or negative affect on the ecosphere). Tax credits should be given for business that restores ecospheric habitat loss to health. Capital ownership should be limited to a set percent of national wealth for individuals. People out of work the longest should be given positive tax credits so employers will higher them. Patents should be exclusive for just 5 years with 5% royalties for 100 years for sales of a product to the patent holder after it becomes public. That would lower costs of the product to the public.
https://drive.google.com/file/d/1fqFH0Z6LE3xtViOyk0QFax7nHEE8TDxk/view?usp=drive_link
Garrison Gibson: books and blog 