capitalism - the ultimate redistributor of wealth no comments
I’ve noticed that capitalism-bashing has increased in popularity over the last few decades, culminating with the latest wave of corporate bail outs. Those who like to point their finger at the free market as the cause of the income gap need to consider capitalism’s unmatched record as being the greatest system of wealth redistribution ever devised.
After all, capitalism demands that those who produce the most value are rewarded the most. And because value is not arbitrary, but determined by the aggregate demands of consumers, producing the most value in reality means satisfying the demands of the most amount of people. So in a stroke of genius, this elegant system fuses our own self interest with that of the public.
There is no other system that can tout this credential - one that will give the largest rewards to those who produce the most amount of consumer value. Haven’t we had enough of mixed-economy policies? It’s time to let capitalism off the leash.
