Source: Ludwig von Mises Institute
by Michael Njoku
“It is popularly deemed a sign of moral superiority and a mark of the ‘progressive’ mind to heavily criticize the existence of inequalities of wealth and income within the social order of the division of labor and private ownership in the means of production. However, the sober mind, careful of being unduly biased by errant ideological presuppositions, is often found to hold views that run contrary to the prevalent lines of reasoning advanced by these critics. This includes the validity of the teachings of economics, not on the basis of blind belief, but as an outcome of scrutinizing the logical chains of reasoning advanced and the necessity of certain conclusions, including the reality of the existence (and even benefit) of inequalities in a free-market, capitalist society.” (11/21/24)
https://mises.org/mises-wire/wealth-and-income-inequality-are-essential-social-cooperation