Reply #8: Wheels need to interact in order to turn

[DaveJ]

I thought the reinvestment part was thrown in to clarify the fact that currency has to circulate in order for capitalism to work. That's true enough.

My beef mentioned above pertains to the term 'development'. For the sake of clarity, I would take the phrase "the accumulation and reinvestment of profits" and call it "wealth." In these terms, that definition says development should be proportional to wealth, correct? But it's not, necessarily, maybe in most cases. This is not a country where the harder to work the more money you make, as the definition of capitalism would imply. In fact it would appear that the poorer people work the most and the richest work the least. Take the Walton family for instance, or the pResident and all his friends. Those are just examples but the bottom line is that development is not proportional to wealth as it should be for capitalism to function the way it should.

And of course most people are not able to invest in the stock market to a significant extent. So that part of capitalism is not implenented very well in this country either.

What surprises me is that these problems are being spurred by Republicans who think they are being pro-capitalist when in fact they are being anti-capitalist without realizing it.