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    #1

    comprehension

    Dear teachers,
    Please read the sentence:

    Some economists take it as a matter of course that equality and prosperity don't go together.

    Does the sentence mean 'if people have a equal share there will be no prosperity'?

    Looking forward to hearing from you.
    Thank you in advance.

    Jiang

  1. Casiopea's Avatar

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    #2

    Re: comprehension

    The other way around, actually.

    The following explanation is taken from Columns: The Fascist Epithet by Mack Tanner:
    "While [economic equality] is an appealing idea, the reality is that as government goals, freedom and economic equality are mutually exclusive. When people are free, those with greater intellectual capacities, creative abilities, physical prowess, initiative, or good luck will probably end up with the most economic wealth. The only way a government can create economic equality is to take wealth forcibly from the most productive members of society and redistribute it to less productive citizens. The economically successful lose their freedom so that the un-successful can share the wealth. The more economic equality the government guarantees, the more it must restrict the freedoms of its most productive people."


    Read more here...

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    #3

    Re: comprehension


    Dear Cas,
    I think I replied but have just found it didn't appear on the list.
    Thank you very much for your explanation. Now I see.
    Jiang
    Quote Originally Posted by Casiopea View Post
    The other way around, actually.


    The following explanation is taken from Columns: The Fascist Epithet by Mack Tanner:
    "While [economic equality] is an appealing idea, the reality is that as government goals, freedom and economic equality are mutually exclusive. When people are free, those with greater intellectual capacities, creative abilities, physical prowess, initiative, or good luck will probably end up with the most economic wealth. The only way a government can create economic equality is to take wealth forcibly from the most productive members of society and redistribute it to less productive citizens. The economically successful lose their freedom so that the un-successful can share the wealth. The more economic equality the government guarantees, the more it must restrict the freedoms of its most productive people."

    Read more here...

  2. BobK's Avatar
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    #4

    Re: comprehension

    Quote Originally Posted by Casiopea View Post
    The other way around, actually.

    The following explanation is taken from Columns: The Fascist Epithet by Mack Tanner:
    "While [economic equality] is an appealing idea, the reality is that as government goals, freedom and economic equality are mutually exclusive. When people are free, those with greater intellectual capacities, creative abilities, physical prowess, initiative, or good luck will probably end up with the most economic wealth. The only way a government can create economic equality is to take wealth forcibly from the most productive members of society and redistribute it to less productive citizens. The economically successful lose their freedom so that the un-successful can share the wealth. The more economic equality the government guarantees, the more it must restrict the freedoms of its most productive people."


    Read more here...

    I see no directionality in it. Isn't jiang's original quote just saying
    Some economists say 'You can have equality without prosperity, or you can have prosperity without equality, but you can't have both at the same time'.

    Or, more pithily, 'Equality and prosperity are mutually exclusive.'



    b

  3. Casiopea's Avatar

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    #5

    Re: comprehension

    Quote Originally Posted by BobK View Post
    Isn't jiang's original quote just saying
    Some economists say 'You can have equality without prosperity, or you can have prosperity without equality, but you can't have both at the same time'.
    b
    Given what I've read on the subject, and there's a ton of information out there - it's a heavily debated issue - I haven't come across that particular definition, yet. There is some modification - rather, spin on the semantics, but is has more to do with carrying the concept over to e.g., equal rights in hiring practices.

    The gist of the debate: the two sides differ here.

    a) Equality sounds good on paper, but in reality it doesn't lead to prosperity. History tells us that - it's the opposite of Capitalism. If anything, it leads to inequality and loss of prosperity. Examples abound in the literature.

    b) Equality = prosperity seems to be a political gimmick of sorts, used by politicians and so forth, if funding and/or (re)-election is a concern.

    Of the econmists who subscribe to b), there are few, and not because money is the issue. No. Prosperity, human as well as ecomonic, is their main concern.

    Anyway, that's the gist of what I know so far. There's way more to jiang's example sentence than meets the eye. Context is needed for that one, definitely.

    All the best.

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