Capitalism, Part IV

Capitalism is an economic system based on private ownership of the means of production and their operation for profit. Central characteristics of capitalism include capital accumulation, competitive markets, a price system, private property, and the recognition of property rights, voluntary exchange, and wage labor.

The wealthy have an interesting relationship with capitalism.

Placed on a pedestal, they are revered as a true encapsulation of the American dream. Our economic system has benefited them the most and selected them as the victors. Those of us standing below them and in their shadow and are expected to look upon their place in society with a sense of jealously that gives way to determination. If we work really hard, save, invest, and make impossibly wise financial decisions, their success can be ours. We only need to want it bad enough.

Yet, I have never been wealthy. As I have said before, I have spent my entire life comfortably in the middle class. I do not know how the other half lives. I do not know their worries. I have no way of knowing what runs through their minds on a daily basis. I do not know how much they think of poverty or those occupying the rung of the ladder below them.

Still, I cannot help but wonder if they question our work ethic. Do they believe if we only worked as hard as they did, then we would be…