Wealth Inequality: So What?

In my opinion, modern day society’s conception of wealth inequality is morphing into a belief that it’s an undesirable effect of capitalism, a social ill. But there has never been wealth equality. It is neither abnormal nor abhorrent. My only concern is that rent-seeking parasitical oligarchs, etc, are wielding disproportionate influence on legislation and gaming the system. The tug of war between labor and capital is normal, in my opinion. As long as either side is not excessively favored and given special treatment, distorting the mechanism of supply and demand, etc, then I don’t see a problem. The majority of this wealth people speak of, like it is fixed and safe, is not. There are risks. Counter-party risks. Liquidity risks. On paper, the nominal value of their finances may look healthy currently, but will not in perpetuity.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s