Re: Question re: inequality


rvfulltime (was xenman) wrote:

> Not necessarily. Wealth tends to flow to people that are able
> to master new technologies first. ...

I think that's the essence of progress. Technologies such as
domestication of livestock, farming, etc. have all resulted in greater
economic efficiencies causing those cultures that have adopted those
technologies to have advantages over the other cultures. Since
technology can lower the cost of the means of production, the share of
wealth for the working people may actually increase.

So the question might be is whether an anarchist laissez faire economic
system would increase the development of technology over other types of
economic systems.

--
Ron

.

Relevant Pages

  • Re: Question re: inequality
    ... >> to master new technologies first. ... >wealth for the working people may actually increase. ... >So the question might be is whether an anarchist laissez faire economic ... >economic systems. ...
    (sci.econ)
  • Re: Question re: inequality
    ... >Wealth tends to flow to people that are able ... >to master new technologies first. ... Edison's staff did almost all the work creating and mastering the ... out public land, not by taxing production. ...
    (sci.econ)
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