Reply #7: I disagree... [View All]

[Andronex]

If I remember correctly productivity has increased around 60% since the 70's, it is just as you suggest that money has not made it into our pockets but into the pockets of a few who have increased their profit margin.

The best way to explain growth in a capitalist economy is to compare the GNP to building of the pyramid by the slaves in Egypt, it doesn't matter how big or how fast the pyramid is built only the king will benefit, growth in the GNP is really irrelevant to the general welfare. The slaves could unite and form a union to get better living conditions but their labour will still be a waste of energy and resources, like for example the trillions spent on the military to keep our ruling class in power.

We need an economy that is democratic and geared to meet human needs, if we do that all the rest will take care of itself.