Capitalism, The Best Solution to Poverty

[Svartalf]

don't say gross things like that in public, or I'll have to wash your mouth with truffled soap.

[Scot Dutchy]

Is that a threat or a promise?

[Brian Peacock]

[laklak]

When I grow up I'm going to be a Robber Baron AND a Captain of Industry! You just watch!

[Brian Peacock]

Hmm.

[Sean Hayden]

That made no sense whatsoever.

[Brian Peacock]

That's Capitalism that is.

[Scot Dutchy]

Plenty of presumptions and interpretations. Typical capitalism. Take a vague statement and make "facts" out of it.

[laklak]

I know me, I like money. I like mine and I wouldn't mind getting some off Other People, too. Does that make me a Socialist or a Capitalist? More like an Opportunist, maybe.

[Scot Dutchy]

Here is a great example of capitalism solving nothing: PURE GREED.

Uber co-founder buys record-breaking LA ... for wages

Los Angeles sees a spike in the homelessness population while homes the size of football fields are selling for more than $100m

Two massive luxury real estate deals in Los Angeles have shone a harsh light on the wealth gap in a region where tens of thousands of people live on the streets while mansions the size of football fields sell for more than $100m.

On Monday, Variety reported that the Uber co-founder Garrett Camp and his partner Eliza Nguyen have purchased a Beverly Hills mansion for a record-breaking $72.5m, in what is believed to be the largest-ever sale of a home in the neighborhood.

It wasn’t even the biggest Los Angeles luxury real estate deal reported this week. A 56,500-square-foot Holmby Hills chateau, once home to television producer Aaron Spelling, sold for $120m, according to the Los Angeles Times, making it the highest home price in Los Angeles county history.

The extraordinary mega-mansion sales come at a time when Los Angeles is faced with widening inequality and escalating concerns about the housing crisis and a dramatic rise in homelessness, prompting intense debate about who gets to benefit from the growing economy.

The Holmby Hills property, known as the Manor, is 4.7 acres and is considered the largest single-family home in Los Angeles. It was built in 1991 for the television producer Aaron Spelling and now has 123 rooms, according to the LA Times’ report on the sale, which has not yet been made public. It’s the fourth sale of $100m or more in LA history, the paper reported.

Disgusting.

[pErvinalia]

That wealth will trickle down. Any day now...

[rainbow]

That's Capitalism that is.

Capitalism is dead.
It has been replaced by Rent-seeking Corporatism.

...you're still buggered though.

[JimC]

Capitalism is dead.

No, it's just pining for the fjords!

[pErvinalia]

That's Capitalism that is.

Capitalism is dead.
It has been replaced by Rent-seeking Corporatism.

The natural outcome of free market capitalism is rent-seeking corporatism. This is capitalism.

[Svartalf]

That wealth will trickle down. Any day now...

If you mean that they'll need help to clean and do the garden, and possibly servants, that's as maybe, but no other way.