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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