Just about every product or service that makes our lives better requires a mass market or it's not economic to bother offering. Those who invent and produce for the mass market get rich. And the more these innovators better the rest of our lives, the richer they get but the less they can differentiate themselves from the masses whose wants they serve. It's the Pages and Bransons and Zuckerbergs who have made the unequal equal: So, sure, income equality may widen, but consumption equality will become more the norm.
That’s from author and former hedge fund manager Andy Kessler in an op ed at the Wall Street Journal. Most people hardly realize that much of the improved standards of living have been a product of capitalism.
No comments:
Post a Comment