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Well, at least at a societal level because you want to live in a relatively equal society and have all of the benefits that come with that as opposed to a feuda
by HammockWarrior 7y ago
Well, at least at a societal level because you want to live in a relatively equal society and have all of the benefits that come with that as opposed to a feudal dystopia.
- vanniv 7y agoFeudal dystopias, as you call them, were characterized by minimal capital creation and the lack of rights to exploit that capital leading to both poverty and inequality. On the other hand, the sudden explosion of capital creation and exploitation that sparked the industrial revolution led to the creation of the first societies in which wealth and freedom were attainable by families not of noble birth.
- HammockWarrior 7y agoAnd that happened after the period of horrific exploitation of people in factories, including children. Economic growth is good not in itself but only if it is widely shared. It will be better for economic growth in the long run anyway because inequality comes with its own set of problems.
- neoburkian 7y agoA society where everyone is poor is worse than a society where some are rich but most are poor. It is worse that everyone be in crushing poverty forever, than to have unequal distribution of wealth. “Growth is only good if widely shared” is a meme that has led to immiseration every time it is implemented. If capitalism has to own child labor, then redistributionists have to own the violent mass scale enslavement of the peasants under Mao/Stalin.
- deleted 7y ago[deleted]
- cylinder 7y agoAnd what people forget in this metaphor - the company that innovated and manufactured the garden hose has just made money too. Their engineer is now employed.