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Just remember that inequality per se is not a bad thing. Capitalism seems to me to be the only way to get people out of poverty, which is, of course, what we wa
by patricius 8y ago
Just remember that inequality per se is not a bad thing. Capitalism seems to me to be the only way to get people out of poverty, which is, of course, what we want.
- ComradeTaco 8y agoRight, inequality isn't inherently a bad thing, its when it get so extreme that it impedes class mobility and shrinks the middle class. We have to strike a really careful of regulations and freedom to create a desirable society.
- patricius 8y agoI think it is impossible to ever reach consensus on what is the right balance between freedom and regulation, especially because regulation is not decided upon with that goal in mind. Whatever gets votes or whoever has the most lobbying power will decide what is regulated. With regard to class mobility, can we say at what level it gets too extreme or conversely at what level it is just perfect? A country such as Albania has a lower Gini coefficient than the US but is much, much poorer, but as such has less income inequality. I don’t believe that social mobility is much better there (I happen to have a good friend that lives in Tirana).