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What I meant is, it makes sense that people in free market economies would value free markets. Of course effort isn’t always positively correlated with income.
by mypastself 4y ago
What I meant is, it makes sense that people in free market economies would value free markets.
Of course effort isn’t always positively correlated with income.
The question is whether or not the prosperity resulting from innovation and risk-taking in such a system is worth the trade-off of unevenly distributed wealth. I think a good argument could be made in the affirmative, but it’s not exactly a settled economic question.