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Most people agree that inequality is not a bad thing in itself. But we have two problems with inequality right now: 1. The sheer amplitude of it. Having peopl
by jazzyk 11y ago
Most people agree that inequality is not a bad thing in itself. But we have two problems with inequality right now:
1. The sheer amplitude of it.
Having people whose net worth is equal to the GDP of a small country poses interesting questions (separate topic). This is caused by the winner-takes-it-all nature of globalized economy. Example: Ads featuring Gisele Bundchen sell to potentially billions of women all over the world, and she gets a cut. A generous one, because the market is global, not local as it was 30 years ago.
2. The fairness.
Again, nobody has a problem with Steve Jobs making a lot money, because he produced. But there are people out there who got rich, just because of connections, etc. Al Gore has sat on (among many others) Apple's board of directors. Which part of iPad did he design?
Even if you ARE qualified, there almost always is the luck factor. There are many other genetically blessed young women who look at least as good as Gisele Bundchen, but who, for whatever reason, never became the "it" girls. The are not starving (though they look like they do), but they are not raking in millions either. The same applies to more serious industries as well.