Author: ben Date: To: System undo crew Subject: Re: [unSYSTEM] wealth redistribution and the rule of law
Thanks for your perspective, and good luck with ABIS Odinn.
2014-10-21 22:18 GMT+02.00, Chris Pacia <ctpacia@???>: >
>> tl;dr wealth and power are interchangeable, wealth/power pools
>> up in certain lucky and industrious individuals, without
>> redistributing it, democracies devolve into oligarchies and then
>> eventually into monarchy or chaos. The US is in the oligarchy
>> phase.
>
> This likely does apply to democracies since those with access to power
> to use it to their advantage. Some gain at the expense of others. But
> for your indictment of libertarianism to stick you need to show that
> pure free market would do the same thing. How? What are the causal
> mechanisms? Despite public schools doing their best to indoctrinate the
> belief that free markets lead to wealth consolidation from which we need
> the government to save us, there is really nothing in economics
> supporting this claim and economic theory and the bulk of economic
> history disprove it.
>
>