Martin Luther King, Capitalism Flow

Posted by admin on Monday, January 20, 2020

Martin Luther King, Jr. Money Quote saying the capitalist system is designed to be biased toward the wealthy and not the poor – so we’ll need to work to change that bias. Martin Luther King, Jr. said:
 
Capitalism does not permit an even flow of economic resources. With this system, a small privileged few are rich beyond conscience, and almost all others are doomed to be poor at some level. That's the way the system works. And since we know that the system will not change the rules, we are going to have to change the system Quote
 

Capitalism does not permit an even flow of economic resources. With this system, a small privileged few are rich beyond conscience, and almost all others are doomed to be poor at some level. That’s the way the system works. And since we know that the system will not change the rules, we are going to have to change the system” — Martin Luther King, Jr.

 

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In this quote, Martin Luther King Jr. is critiquing capitalism and the free market system. He argues that under capitalism, economic resources and wealth do not naturally spread evenly throughout society.

Instead, it concentrates wealth in the hands of a small privileged group who become extremely rich, while the vast majority are left in some form of poverty. King asserts this is an inherent feature of how the capitalist system functions, as it does not aim to distribute resources equally but rather rewards those who accumulate wealth.

His view is that since the system is unlikely to change its rules to correct this imbalance, the only option is for people to work towards changing the system itself in order to create a more just and equitable distribution of economic resources across all of society.

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