I am not a communist- I am pretty much pro free market capitalism (but not unrestrained capitalism).
But I do wonder- the world’s resources are finite (limited) and the world’s population is constantly growing. It seems inevitable that the world will reach a population where resources become quite limited relative to the population.
Currently, capitalism is viable because resources are (still) plentiful relative to the population, and people are able to acquire great amounts of wealth by providing a professional service, becoming a great athelete/entertainer, developing a useful product, or through strategic asset allocation and investments.
But since resources are limited and the population is ever growing, it seems that mankind will reach a point where the current distribution of wealth will not be possible for even all the qualified and able people.
Will this point come? And if so, will a new plan for redistribution of wealth and perhaps population control be necessary
If resources were plentiful we wouldn’t need a socio-economic system. The basic reason socio-economic systems exist is to allocate scarce resources.
Capitalism is viable because it’s the most efficient allocator of scarce resources. It allocates resources through willing win-win trades between free people. That means people on both sides of each transaction comes out ahead. This is the little nuance of capitalism that most people completely miss.
For example, Bill Gates amassed a big fortune from Microsoft. However, the value of Microsoft’s products to me easily exceeds the amount of money I’ve spent on their products. Win-win.
The other benefit of capitalism are the innovations that spaun from the laboratory of individual trial-and-error, which enable support of denser populations. Over the last few hundred years such innovations have enabled more efficient use of resources, which has allowed for denser populations. For example, improved farming techniques has greatly reduced the acreage/person needed to produce enough food to survive.
I expect that we have a long runway for such innovations, which will enable more population growth.
Limited resources don’t concern near as much as some nutjob with a nuke or a nascent asteroid the size of football stadium smashing into Earth.