From the Ludwig von Mises Institute: The Obsession with Equality
I’ve never understood the academic obsession with achieving social and economic equality.
Yeah, me neither. Our forefathers wanted equality of opportunity, not equality of outcomes.
Isn’t society better off when half the population is well off and half is less poor than if absolutely everyone is poor? Isn’t all the talk about inequality really just an urge to see the poor increase their living standards? And if that is true, shouldn’t the whole idea of equality be thrown out in favor of a hope for everyone in society to benefit on the margin from economic growth?
Normally, I like TED talks, but this guy I’m not buying.
As the blog says:
There are probably a hundred other problems in this perspective that I hadn’t thought of. You might enjoy watching and poking holes in the analysis.