"I am not aganist social mobility but remember if X goes up Y must go down"
and there was me thinking that because the poor had central heating that capitalism could raise the living standards of all Xenia. You see, capitalism is full of contradictions and you are right if X rises Y falls so why is it that under advanced capitalism we are sold the lie that living standards are rising for all and that ONLY under such a system can all human needs be met. It's a lie and you know it, the fact that you profit from it shouldn't blind you to that reality, instead as an educated person you should find it easier to be objective. I profit from it, I do not sell my labour to anyone and have everything to gain from it but that doesn't make it OK.
Two thirds of the worlds poor are women and two thirds of the worlds workforce is female. WE women are slaves to a system that extracts profit from both our paid and unpaid labour, that leaves us poor and picks our pockets to line those of the capitalist class.
"Very few people are rich. Absolutely loads are poor."
Yes, right again xenia, and the income inequality is increasing between the two. We are already living in a world where the poor can not consume enough to stimulate demand and keep their own class in work. The capitalist class keep their workers in penury so they are unable to consume the products of their own labour, which means that now the only sources of capitalist accumulation involve further privatisation of health, welfare and education ,water etc..... because capitalism creates a need for welfare. The other reason is this, where profits have been maximised by globalisation, deregulating labour, driving down wages and increased financification of money has meant that less money is invested in actual job creation.
To give you some idea of the scale of class and wealth consolidation since 2009 there is now an even greater surplus absorption problem than before 2009, effectively meaning, the rich have money, they have NOTHING to invest it in! strange but true! so why not just cough up your taxes and stop moaning or better still invest in job creation, pay fair wages and stop paying execs up to 200 times that which you pay your ordinary work force.
Absorbing capital surpluses has got more and more problematic over time. By 1950, it?s $4 trillion. By 2000, it?s $40 trillion. It?s now around $50 trillion. Yep all that money made off the back of a mainly female workforce kept in poverty.
Inequality is actually one of the major problems in the causation of the last Crisis. The sub prime market came about BECAUSE of inequality. Of those made homeless the highest percentage was black & immigrant female workers.
The biggest lie is trickle down economics, if the rich get richer the poor do indeed get poorer and I believe you know that Xenia, If x rises, Y must fall...........
There is however an upper limit to capital accumulation, a tipping point, the tipping point is caused by, guess what? inequality. Funny that Xenia.