Wealth gap widens between super rich and rest of us.

Alan Greenspan - the legendary chairman of the United States' Federal Reserve - is the high priest of free market capitalism.

As a young man he was even a devotee and acolyte of arch libertarian writer, Ayn Rand.

Keep that pedigree in mind when you consider the striking observation he made in a television interview last summer:

"Our problem basically is that we have a very distorted economy, in the sense that there has been a significant recovery in our limited area of the economy amongst high-income individuals...Read link

This ,of course, is no surprise to socialists who have been pointing it out as an inevitable concomitant of capitalist economics.

If you are born poor you will most likely die poor.Whether this is in actual real terms ,or in relative terms, in relation to the amount of wealth produced, is neither here nor there.

What is crazy is the notion that capitalism can be reformed or tamed,or have its rapacious appetite curbed in any way.

Its goal, as Marx pointed out so long ago is,to, "Accumulate, accumulate".

"Accumulate, accumulate! That is Moses and the prophets! “Industry furnishes the material which saving accumulates.” ^[23] Therefore, save, save, i.e., reconvert the greatest possible portion of surplus-value, or surplus-product into capital! Accumulation for accumulation’s sake, production for production’s sake: by this formula classical economy expressed the historical mission of the bourgeoisie, and did not for a single instant deceive itself over the birth-throes of wealth. ^[24] But what avails lamentation in the face of historical necessity? If to classical economy, the proletarian is but a machine for the production of surplus-value; on the other hand, the capitalist is in its eyes only a machine for the conversion of this surplus-value into additional capital. " Link for above quote

Capitalist society is a parasitic economic system which sucks out the productive capacities of the vast majority,(working -class) to satisfy a minority class of owners of wealth(capitalist -class)..

The solution is to get rid of the monstrous system and replace it with socialism , a system of common ownership,democratic control and free access to all of society's wealth,everybody having the right to participate in decisions on how global resources will be used. It means nobody being able to take personal control of resources, beyond their own personal possessions.

This then,is in stark contrast to the reformism of the Left, S.S.P.,S.W.P., Solidarity, S.L.P.,or the Labour Party, (all of them result in a case of 'meet the new boss', same as the old one.) which leaves intact the waged- labour versus capital social system.

Socialism ,as we define it in its original context, before the Left besmirched the name in their failed experiments, is a revolutionary solution to capitalism's rationed access. Moreover, it is a real solution,one which ends wage-slavery, poverty, and war.

If a truly human society is to be created where we can relate to each other as members of a real community instead of as isolated atoms colliding on the market place, we need to create the conditions (common ownership of productive resources by the whole community) in which the market has no sense.

One where the organising tenet applied globally , instead of capitalistic, "..... "each man for himself, and the devil take the hindermost" ", is
replaced by, " From each according to their ability ..to each according to their needs".