Wednesday, July 11, 2012

The Rich Get Richer

There is always something of moral panic when we see growing income and wealth disparities because the rich get richer. The rich, for their part, see themselves as working for it - attending to their investments of time and money and care. I think the moral panic is because wealth per se is not an enjoyed good; it isn't food or drink or fine living or helping people or knowledge or any other good thing itself. People whose astute investments and good ideas make them money which they re-invest or spend are actually fine.

People move along through life. The rich get richer, the fat get fatter, the well-read read more. If we want to arrest this, one part is a need for metanoia - for life direction changes. There is no solution without solving this problem.
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