Re: Remember the Housing "Bubble"?

On 2007-04-05, Dave O'Neill <daveon@xxxxxxxxx> wrote:

Did I say I wasn't? I happen to have no real problems with general taxation
for wealth redistribution, as a model. At least within an effiicient
framework for generating wealth.

There's a balance to be achieved. At one extreme you have a communist system
where resources are distributed strictly on the basis of need. That doesn't
provide any incentive for wealth creation, so productivity is low. So there
are less total resources, but nobody starves.

At the other extreme is a completely free-market economy where resources are
distributed on the basis of individual productivity. So there is a strong
incentive to produce, but those who can't produce enough to feed themselves
will starve.

Nobody has really implemented either of these utopian ideals, every society
including soviet Russia has compromised in some way. That means in any real
society you can point to ways in which it has failed in some way. In fact in
any real society you can point to ways in which it fails in two opposing
ways. Once you accept that you can't achieve perfection you have to learn to
accept failure as the norm, and just get on with doing the best you can.



--
bap@xxxxxxxxxx
In search of cognoscenti
.

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