merrymadscientist wrote:
Given that we evolved as a social species, a certain level of cooperation is required for our continued success. Our current society is not even capitalist according to strict criteria - rather the rich have a form of socialism whilst the poor do not.
Certainly some level of inequality is necessary to stimulate productivity (out of most people anyway, I will always do the best I can and so will certain others), but probably the ideal could be set at a certain level - maybe 10x or 20x difference between the richest and poorest. Surely money is not the only stimulator anyway, although economists seem to think it is. I can think of many more things that would motivate me (i.e. I have no need for half the money I earn, although feel obliged to save most of it - [but some I give away], out of concern for the future as no job is secure anymore and I am only short term contracted as are many people in our capitalist society).
This idea that inequality provides incentive for people work harder and produce more is way overrated. There are tons of people who are motivated will work hard towards a cause for reasons other than the prospect of becoming wealthy. The real problem with communism is that some pooling of capital is needed to make big things happen. Allowing the pooling of capitol to only occur in the public sector is a limiting factor.