Thursday, 19 July 2018
Another Disagreement With Brodersen
"'...terrorists...issued an anonymous announcement that they were protesting the Ruedas' hogging the benefits of space development from the masses...The Ruedas...'re rich, because their ancestors had the wit to invite private space enterprise to Peru. But hogging the wealth? Why, suppose the money was divided equally among the oprimidos. What sum would each person get? And where'd the capital come from for the next investment? ...when will these world savior types learn some elementary economics?'" (V, p. 53)
Observations And Questions
Should wealth be inherited?
Although "...world savior types..." is probably a valid description of people who think that they can solve problems by planting bombs, there are many others who want to help to transform society but who do not think that they can change the world by their own unaided efforts, still less by acts of individual violence.
There are ways to redistribute the wealth created by labor - and also to plan for the future - other than handing every member of the population a small amount of money.
Revolutionaries include students of economics. Indeed, one famous theoretician analyzed "Capital" and explained the inevitability of the decline in the rate of profit!
The phrase, "elementary economics," should not be used to mean the workings of one particular economic system.