The Wrong Wood
Previous Post
If inequality meme has limited utility despite its flaws, "Redistribution of wealth" has none.
Theproblem is the perspective itself. The very term redistribution is based on the faulty, if implicit premises that
1) Inequality removal should be the primary focus of state intervention in social sector.
2) Such task can be accomplished by the reallocation of available wealth through state intervention.
One can argue that redistribution need not imply state intervention and instead it may just refer to flattening of distribution curve due to increased opportunities and skills to leverage, in effect making redistribution an effect of reform.
Even then this is incorrect, because by promoting the effect (redistribution) to cause or primary objective in policy making, the terms of reference get highly skewed. When priorities are misplaced, the resulting policies will be in wrong direction.
This means that in all probability policy decisions centred around redistribution will end up placing restrictions on economic freedom, and effecting free enterprise.
PS This and previous post were prompted by this post of confused

0 comments:
Post a Comment