Freedom, Markets, and Income Inequality

Source: Free Association
by Sheldon Richman

“For good or ill, individuals differ in all sorts of ways, many of them relevant to their ability to please us, the consumers. No need to stop the presses—we all know this. Yet many intellectuals want a social system premised on the principle that people are ‘equal’ not as a moral/legal presumption, but equal in intelligence, talent, energy, time preference, conscientiousness, cooperativeness, etc.—and therefore deserving of more or less equal incomes, outcomes, and opportunities. Anything short of their ideal (‘disparate outcomes’), the egalitarians tell us, must be chalked up to past or present injustice (racism, for example) and privilege, requiring coercive government intervention. That’s wokeism. People who are honest with themselves know those intellectuals are worse than wrong and that the record of their ideal in practice has been bloody beyond belief.” (09/25/26)

https://sheldonrichman.substack.com/p/tgif-freedom-markets-and-income-inequality