Because not everyone is behaviorally/psychologically wired to be an innovator. Actually, surprisingly few are.

But if we’re not free to compete and innovate in a relatively untrammeled fashion, innovation dries up because the ample reward for this very beneficial activity is “removed and redistributed”.
Those who do not innovate (are not Bill Gates) — otherwise known as “everyone else” — still benefit greatly from the innovation (how many use the toilet they never invented?). So it is in everyone’s best interest to continue amply rewarding those who can be exploited for the benefit of so many. (A manifestation of the Pareto Distribution, also called Price’s Law or “The Matthew Principle” as mentioned in the Biblical book of that name.)

But then too much inequality destabilizes the system (the Gini Coefficient).

We don’t yet have an answer to this. We can identify an measure the processes that manifest. But radical social reconstructionism and/or enforced wealth distribution has never proven a good solution.

Thoughts?
Should we continue looking for solutions within a system that is imperfect but has produced a lot of beneficial innovation, raised so many out of abject poverty world-wide AND awarded the best degrees of personal rights and freedoms to the individual?

Or dabble in radical social reconstruction — particularly in light of where almost every exercise of this has ended up?




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  1. immortal_pirate 12 months ago

    “radical social reconstructionism and/or enforced wealth distribution has never proven a good solution.”…aka SOCIALISM. Socialism has always proven to be an abject failure wherever it has been tried.

    “Should we continue looking for solutions within a system that is imperfect but has produced a lot of beneficial innovation, raised so many out of abject poverty world-wide AND awarded the best degrees of personal rights and freedoms to the individual?” aka CAPITALISM, which has been proven to improve the lives of anyone engaged in a capitalist society.

    “dabble in radical social reconstruction — particularly in light of where almost every exercise of this has ended up?” aka The foolishness now being embraced by the democrat party with the election of self espoused socialists such as Ms. Ocasio-Cortez of N.Y. and the likes of Bernie Sanders. These nut cases want to turn America into another Venezuela.

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      griz 12 months ago

      @immortal_pirate
      There are social systems that still exercise degrees of socialism in concert with capitalism that seem to work quite well over time.

      Far better than a system that is just socialistic or just capitalistic.

      Johnathan Haidt is a good resource for understanding this.

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  2. Jear77 12 months ago

    Socialism is good in theory, bad in practice. My first introduction to it was in the children’s tale of “stone soup” in which everyone brought something to be put into a pot of soup for the community. The point the tale didn’t consider or delve into is the different things brought to put into the soup each have a different value. I might not like mushrooms, but someone puts them into the soup anyways. You might not like beans, but in they go.
    Considering that people tend to use / want more than they currently have – and,a specific set of things that their neighbors may not, they will always try to cheat the system to get more. Someone said heaven is rhe ultimate form of socialism, whereby everyone is around a giant pot that never runs out, but they have spoons attached permanently to their arms. These spoons prevent them from feeding themselves because low long and awkward they are. The only way to make the system work is if everyone feeds other people. The problem with that analogy is that who wants to be reliant on others? Granted, no man is an island, but everyone needs self sufficiency in order to feel good about themselves.

    In regards to innovation, why does this necessarily mean there will be inequality? Let’s say the innovation is simply not better, but only different? 2 technologies that are on par with each other, or maybe one is only slightly superior, but the “worse” one simply has a better marketing strategy? There are three notable examples in history that i can recall: dirrect vd. alternating current and the VHS vs. Betamax, and more recently the HD vs. blu ray technology.

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      griz 12 months ago

      @Jear77
      Actually, part of the “Stone Soup” story is that the people were all starving or close to it. At that point one liking or not liking mushrooms is a moot point.

      As for who wants to be reliant upon others: how’s that toilet, computer, cellphone, pacemaker, car, home, microwave, medical procedure, economy etc that relied upon others to invent/implement working?

      Innovation produces inequality because not everyone is equally gifted when it comes to innovation. If someone else’s cellphone is better than yours made out of a TV remote, elastic bands and chewing gum, you are either going to have to deal with your clunky invention while others move ahead with their more functional and elegant models (inequality); or you are going to have to enrich the person who came up with the better innovation (inequality).

      But you may have a better RPG than them (should they find this something of value) and then you can balance out some of that inequality. Well, remembering that it is a lot harder to function in society without a cellphone than without a RPG!

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      • Jear77 12 months ago

        @griz didn’t get that part out of the stone soup story. I was relying on my memory of the story.
        you never saw the story of Betamax then. The technology was far superior for its time. More expensive, to be sure, but VHS won the day. Edison had thousands of ways not to make a light bulb, but only one prevailed, yet how much you want to bet that there were other inventors working on the exact same thing, but were “too late to the table.” This same concept applies to every invention out there.

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      • Author
        griz 12 months ago

        @Jear77
        The nature of all hierarchies is it the best rises to the top.

        But that necessitates that the worst sink to the bottom. Which can mean the worst in design timing or backing. And the latter is where the corruption of power money or politics can enter in. And since the betamax story.

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  3. five2one 12 months ago

    You are talking about ‘people’s hearts being greedy for unjust gain’.

    If you want money, money is what you get. ‘You can not serve two masters, God and money. You either hate one, and love the other.’

    These guys are of the Old System, and the Old Age. The world is already under new management, but the house has to be cleaned.

    Right now, what is valuable, will be worthless. And what has been worthless, will skyrocket. The entire economy is going to skyrocket upside down, as the world changes, and the ‘nothings of this world shame the strong’.

    First, the beast (and you know who that is — it is not just one person), will burn the Catholic Church with fire. They are already pursuing RICO against them.

    Then, the beast and the false prophet (also not just one person), will be like King Ahab, rushing to his doom. And, the entire world of flesh will be devastated, while the birds gorge on the flesh of all, great and small.

    Then, the Millennium begins, and the dead are resurrected.

    A glorious Age, and a terrible Age, one of Power.

    There is, already remnants of this to be come, as it is right at the door. Summer is almost here. Winter is almost here.

    A long time in coming.

    Trying to praise the Beast… lifting up the hand, allowing it to enslave your mind… is not the way.

    The entire statue of western civilization will fall, in one fell swoop.

    And, with it, the entire world.

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