roundtable: Capital accumulation, resentment, etc.
roundtable: Capital accumulation, resentment, etc.
Capital accumulation, resentment, etc.
Todd Graham (grah0062@gold.tc.umn.edu)
Tue, 17 Jan 95 11:50:48 -0500
From: "Todd Graham" <grah0062@gold.tc.umn.edu>
To: roundtable@cni.org
Subject: Capital accumulation, resentment, etc.
Message-Id: <2f1c0377341e002@gold.tc.umn.edu>
Date: Tue, 17 Jan 95 11:50:48 -0500
The things that show up in my mailbox!!?!
In message Doug Henwood writes:
>
> Capital is
> accumulated when those with spare cash have the ability to defer
> gratification, a superior moral type. So those who've accumulated
> income and capital deserve it; those who haven't just don't cut the
> mustard.
Unless, of course, the capital is inherited. Over the course of history
then, from point-zero to the present, one would expect to see the
division of families into class groupings.
> These redistributionist schemes of yours are just storms of
> resentment against those better than yourself.
Two normative judgments here: That redistributive policy (generally) is
emotional reaction an *not* the planned, rational attempt to redress
allocative inequities is JUST PLAIN WRONG. That policy-makers are across
the board inferior beings compared with H. Ross Perot, Leona Helmsley,
Don Trump, etc. is LUDICROUS (and condescending)
> One should not
> interfere with the natural order, and as everyone knows, the market
> is the natural, universal form of social organization.
More poorly rationalized normative judgement.
> Doug Henwood
> [dhenwood@panix.com]
> Left Business Observer
Left????
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Todd Graham Midwestern Higher Education Commission
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