SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : View from the Center and Left

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Lane3 who wrote (92245)10/28/2008 11:24:46 AM
From: Sam  Read Replies (2) of 541601
 
I didn't say that providing a safety net would do that. I said that creating a RIGHT to a share of the output of the collective in lieu of a right to the product of one's own efforts would. I try hard to be definitive and clear. I can't believe that distinction, upon which I have pounded, is not evident.

Here is the problem I have with what you are saying. You seem to think that one's wealth can be seen simply as "the product of one's own efforts." I think that that is an illusion, and that one's wealth is the product of one's own efforts plus the efforts of a multitude of other people and institutions and simple historical chance/individual luck. Disentangling what part belongs to "one's own efforts" and what part to other factors is well nigh impossible in our complex, interdependent world. Your view may have been right in a world of subsistence farming (although the factor of chance is very evident to them), but in our world matters are different. That creates all sorts of problems, because it is obvious that even if my view is true, individuals still have to take responsibility for their own lives. But consider the following paragraph taken from an article that you just posted:

The Bush administration is in negotiations to broaden its $700 billion financial rescue plan to include U.S. auto companies, potentially opening the door to an array of industries to seek federal aid.

Where does responsibility lie? Should the executives/management of these companies that are now eligible to receive federal aid be considered to have "earned" their money by "their own efforts"? Should they be fined for having jeopardized the livelihoods of their employees and the returns of their shareholders? Our methods of compensation have always been dicey, but they seem to me to have become completely absurd over the past few decades, making the very notion of what one "deserves" itself meaningless.

I've spent far too much time on the web today, have to go, will look forward to resuming the conversation later, though.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext