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Aahh, a great summary and excellent restatement of your thoughts dirtguy. Agree with virtually all you are saying from that perspective. Must read Fareed's book on your recommendation. I admire him and his way of looking at things a lot!
Working both sides of the issues we are jointly raising is probably the most productive way to try to tackle it all.
Was also struck by the accuracy of your comment to the effect - "So any system that tries to organize competing interests must always, at a minimum, protect the losers from the winners after a contested vote regarding interests."
Good stuff and in fact it fits with another intelligent view of the role of good government and that concerns - who is best placed to assume the role of helping create more wealth (and opportunity) equity by diminishing the inevitable gap between rich and poor (and those in between)? Inevitable because in scientific studies done using the game of Monopoly, someone inevitably always accumulates all the wealth it seems. The same study explored the available options to try to balance this result out in a way more beneficial to all and society and good order as well.
They found from international evidence and research, that there is only one practical tool (and one used in highly successful and happier/relatively trouble free nations around the world like Sweden and Australia) that is able to reduce that gap in the interests of a stable and thriving society ... with all able to participate in life in a decent fashion.
And that is basically government intervention using such traditional devices as taxation rates, etc. In Sweden by way of example there are definitely no limits on how rich you can aim to become, but by various devices of government tax policy some of your gains will be basically put back into the society at large for everyone's benefit ... including the rich.
posted 2 years, 5 months ago
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