Author Topic: The Great MacGuffin  (Read 242 times)

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Offline happyg

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The Great MacGuffin
« on: December 09, 2013, 09:27:17 PM »

Offline Oceander

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Re: The Great MacGuffin
« Reply #1 on: December 09, 2013, 09:34:04 PM »
Liberalism cannot ameliorate income inequality because the fundamental tenets of liberal economics require substantial government control of the economy which inevitably leads to crony capitalism and provides the politically well-connected the tools needed to lock out their competitors and guarantee them outsize incomes - incomes that have nothing to do with their own merits or the value they add to the market - while uniformly reducing the incomes the vast majority of regular people are allowed to earn.

The only way to reduce income inequality is to move to a conservative set of economic policies that remove the barriers and transaction costs that prevent start-ups and entrepreneurs from competing with the established, politically-connected, businesses.

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