Thank you for the explanation, so ok inequality of outcomes, but not inequality of opportunity.
2 more questions:
1. How is this a "problem"? 2. How would you go about solving it?
2 more questions:
1. How is this a "problem"? 2. How would you go about solving it?
2. Australia has minimized this problem pretty well by having a pretty unregulated economy but a robust safety net.
Thank you.
"[a] Stanford professor posits that throughout history, economic inequality has only been rectified by one of the 'Four Horsemen of Leveling': warfare, revolution, state collapse and plague."[1]
You can hang on to imaginative phrases like "inequality of opportunity" or an economy that reliably delivers food. I think most people are going to go with the second option.
[1] https://www.economist.com/open-future/2018/09/10/can-inequal...