More sides then you think.

The gap in wealth between the rich and poor is nothing new; everyone knows that the gap exists. The question is does capitalism give those without wealth a chance to accumulate wealth. Such a complex question needs to be broken done simply.

Image: http://www.bestthinking.com/s/1/t-topics/179/images/856c3ebf-f8f8-4a8e-bbf8-da6fbd196ee9.jpg


http://ochuko.files.wordpress.com/2010/04/sides-of-a-coin.jpg

The way I like to think of how capitalism is effecting globally is to think of a coin. You know the saying, 2 sides to every coin right? If you look at most coins the 2 sides are the same in size, space and shape. I see capitalism like moving from a $2 coin to a 50c piece. Because what you don’t realise is that there is a third side, the edge of the coin. Smaller in size and equally disrupted around the much larger centre this ‘side’ of the coin can be equated to poverty. While on the fringes of the coin it is still apart of the coin itself, like poverty is an inevitable part of capitalism.

http://resources0.news.com.au/images/2013/12/31/1226792/592272-782ac540-71d3-11e3-b1a1-f954289ae632.jpg

Now, the global effect of capitalism is like moving from a $2 coin to a 50c. Why? Well, consider both coins. The $2 coin is small, and while a gap between the faces and edges are clear, the edge is the thickest of all the coins. Its still a small side however in proportion to the rest of the coin it is a decent amount of space. However the 50c piece is the largest coin, flatter edges than the $2 coin, most importantly though, the 50c piece has 12 ‘edges’ on its side.

https://www.intnumis.com.au/images/product_nw3fq7jh4m_50c.jpg

Piketty said that the poverty gap increases with capitalism, giving more to those that have and less then those that don’t have. The shift in this gap is like the distribution of ‘sides’ on a coin. From the small surface of the $2 coin and thickish edges you have an extremely large surface area on the face and the edges are spilt into 12. So to equate this back to the wealth gap; those that have already gain more, while the poor are made poorer with less opportunity.

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