In the last segments of write I described a sample of the reality how theoretical capitalism is ruining on common progression of wealth and how it should be distributed among the privilege groups who deserve it.
But anyway, there are some of the nations who view socialism above capitalism because of the urgency that at one side inclusive wealths would be marginalized.
What it looks as wealth being marginalized? Am I proposing a new definition of the economic theories? Ha ha probably not but if an acute view is drawn over the conditions existing around the society, the particular classes of people with 3%-4% of the population having the maximum possession of wealth.
In a graphical pie chart that would be sidelined due to scanty numbers. But from a neutral perspective it wouldn’t be looked equitable to see just a fraction due to thier merit, intellectuality and sound knowledge have acquired the lion share, and the rest the remaining to live and feel the needs of it as needed.
The society wouldnt function properly unless those little population having the biggest power and authority over economy steps out and extend their helping hand to render services and donate their money in developmental works.
It has been seen and the examples are many to be mentioned who at their first part of life invested their valuable time and effort to build a good basis of wealth, cap a pie search of capitalistic wealths to accumulate and get money to the fullest of personal limits.
Since laws are there that - there is potentially no limit where can one stop and quit searching for stocking money, the wealth level expanded to a big numbers.
Bill Gates is such an example who followed the same principle I explained above. He topped the list of world's wealthiest person for far many years.
The service he developed to restructure the software system, upgrading the infrastructure of internet, bring better versions of computer operating tools and the spending of whole of youth and old times to democratize computers and the digitalized world we see now happened due to the technological turnover one by one, his contributions stand alone and unique over the years.
Gates Foundation started to enclose the gap and calm down poverty, illnesses, epidemics to be reduced, the trial to stop carbon emissions and help the global climate to be optimum level and raising enough programmes have created a huge change. Alongside his attempts to do so, there is one fact that amazes me when he donated 50% of his annual wealth into the foundation he established.
Thats amazing and exceptional, isnt it ?
We dont get to see capitalistic giants to do so, what most others do is to channel their wealth into a stream which could help to grow more wealths and adding to the asset base. Such practices not just revolved around conventional economy, but even in crypto atmospheres also.
The total supply of BTC available in the whole world and what percentages are in personal possession of the wealthy people having the biggest shares? The numbers would point to the same principle applied to the capitalism that already exists in the global economy.
Any way or another, there are no options available to choose for because where assets are connected there are also the capitalism working out. In one side, new economy would rise up and in the other hand there would be people to break down to stop economic centralization.
I think never before anyone talked about this where economy is getting into centralized commands and structure created by capitalism. It is possible in many ways but we must look at to decentralized solution to not to see people being included in the same culture of uncontrolled wealth accumulation.
Hive has ideally the same model available, that indicates every user as a single entity can have full measure of equal power and opportunity to build assets as they want by personal strategy. No question and illogical authorities to play alongside it to ruin on personal projects - what we happen to see in the centralized structure in national and global level.
At least in #web3 #decentralization mechanism can ensure that and already work has started and we are waiting to see more upgraded version of it to come. But hopefully better things to come with it and ensuring even the weakest of people have the power to decide their own fate over economy, capitalism and other financial affairs.
I believe digital infrastructure and web3 would be the bridge of fulfillment and we should all welcome that those of us who believe in change.