Hacker News new | ask | show | jobs
by lapcat 1088 days ago
Nobody was talking about "social evil". But it's plainly the root of much economic inequality, which is the topic.

Separate questions:

(1) Should we accept some level of economic inequality in society?

(2) Are the wealthy more "deserving" of their wealth than the non-wealthy?

It's perfectly consistent to answer (1) Yes and (2) No to those questions.

Capitalism is an economic system, not an ethical system. The "invisible hand of the market" is not God handing out rewards and punishment, though some people seem to believe that.

1 comments

For sure. And I'd add that the acceptance of inequality as a reward does not imply anything about inherited inequality.

Even if we grant the proposition that a good way for society-wide progress is to harness the desire of some to have superior positions by forcing them to work hard at creating value for others, it doesn't really follow that inheritance is a good idea. Indeed, you could argue that it's just the opposite, if we really want a nation of hard workers, we have to make sure the youth can't get away with being lazy just because of some historic success that they didn't have any part in.