Surviving Capitalism: The Scarcity Advantage
There is a lazy argument, often repeated in India’s political and intellectual circles: “Capitalism is only for those who already have capital. That is why it does not work for the poor.” It sounds empathetic and moral, but it is deeply flawed. This argument looks at capitalism at a surface level instead of a systemic level. It confuses entry conditions with survival conditions. Capitalism does not succeed or collapse based on who starts rich or poor. It operates on how individuals behave once they enter the system.