Sweet Square
ˈkämyənəst
It isn't capitalism in and of itself. Every single measure of human welfare (life expectancy, birthrates, income per capita, absolute poverty) has improved over time due in no small measure to capitalism. Even in China they allow it to operate. The problem is that unregulated, it causes massive inequality. For me the problem is regulation and embracing a more compassionate approach. It is not, in my view, a case of capitalism has caused poor people and inequality therefore chuck it out for some society leveling regime that fundamentally flies in the face of human nature and will always struggle to contain it.
The same as everyone should have the right to become a doctor, lawyer, prime minister or president. If you cap aspiration then where does it stop? If we say that £1bn should be banned. Why not £100m? Why not £10m? Most people could probably survive quite well on £1m. This is goes against human aspiration. Tax it if you want at but don't say that you're not allowed to get there.
At the 8:45 minute mark.