The nature of capitalism is to have winners and losers, i.e. social Darwinism. Just a few numbers, and I'll let you decide if our capitalistic economy is working in this manner:
- The latest Forbes list of the richest Americans is out, and the wealthiest billionaires increased their wealth by $125 billion in the past year. The top 400 are worth $1.13 trillion.
- In 2003, the income ratio of CEO to worker was 301:1. In 2004, that ratio increased to an astounding 431:1.
- Average worker salaries essentially remain flat with inflation.
My take is that our capitalistic economy remains strong.