Re: How much money do you need?
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In order for someone to be rich, many others must be poor.
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I must have missed that in economics class. Oh wait, that's because it has nothing to do with capitalism what so ever.
In mercantilist systems yes, someone is rich and someone else is poor. This plagued the middle ages and the Rennaisance period. Capitalism, by definition, allows for everyone to be rich. Capitalism is about creating value from unrefined, requisite elements. Gates, for example, created value by developing software. Food companies create value by creating finished goods from ingredients of individually lesser value.
In practice, not everyone becomes rich. Some people don't know how to create value. Some people aren't motivated. Some people are mercantilists (goods traders) who don't really understand what capitalism is. Although we are taught that "capitalism" is a key element of American society, we are not taught what it really means and how it works.
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Capitalism is an insufficient answer to an important question.
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