Capitalism is not fair for all from "summary" of 23 Things They Don't Tell You About Capitalism by Ha-Joon Chang
It is commonly believed that in a capitalist system, everyone gets what they deserve. According to this view, those who work hard and have valuable skills will be rewarded with higher incomes, while those who are lazy or lack skills will earn less. However, this assumption overlooks the fact that the distribution of rewards in capitalism is not solely determined by individual effort or ability. One of the key reasons why capitalism is not fair for all is the unequal distribution of wealth and income. In capitalist societies, a small minority of people own a disproportionate amount of wealth, while the majority struggle to make ends meet. This means that even if two individuals work equally hard and possess the same skills, their outcomes will be vastly different due to factors such as inheritance, luck, and unequal opportunities. Moreover, capitalism perpetuates and exacerbates existing inequalities. Those who are born into wealthy families have access to better education, healthcare, and other reso...
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