Originally Posted by pampl
This is clearly false, both historically and in describing the present day situation
The economic formula of the U.S.: a small number of rich people take resources from a large number of poor people.
This was the situation when Europeans arrived. Rich Europeans took what the poor natives had.
This is the situation now. Rich Americans take what poor foreigners have.
Look at the debate about why it's so hard for poor countries to follow the path of Western countries and become rich.
The answer is simple: today's poor countries have no great mass of poorer people to enslave and colonize.
Remember: capitalism developed before democracy. Capitalism developed through monopoly, slavery, and colonization--and it could have developed in no other way. It also cannot function in any other way. Capitalism absolutely requires massive disparities of wealth in order to function.