As Long as One Undertsands Egalitarianism
Stephen Macedo, who writes the introduction to Anderson’s book, points out that it was a mix of the Industrial Revolution and anti-state sentiment which really shook up the end goals of free market egalitarianism.
Remember that “egalitarian” means equal rights and equal opportunity. The key is “opportunity” and the free market will work if that were true. Actually the philosopher Adam Smith (not really an economist as implied by the “Wealth of Nations”-he was concerned about the moral aspects), was more of a Laissez-faire proponent. Also, his stated “invisible hand” is general known by many people who to Econ 130 so labelled, the father of Economics. Remember that Adam Smith also about “Enlightened Self-Interest”, “Limited Government” and “Solid Currency”. And Trift, meaning savings, was what he proposed.
And they’re also really, really good at creating justifications for why they have so much and you have so little.
I disagree with this. I don’t have to justify myself to anyone. I’ve started as middle-class and then worked my way up to the top 2% and stayed there nearly two decades. Then back down again (my decision to move — so not really back down, I’m still property rich but once again cash poor), well, sort of. I have houses that are fully paid for and did so by 40. Now 55, I must say that I prefer to have a lot more cash that I once had, but I will always have a roof over my head. I’m not broke but I have to watch my spending. I still believe that money can buy hapiness and more in the indirect way in that I’m not going to have to worry about where my next meal is. Having more wealth also allows for time to spend helping charities, instead of working for my own wealth.
Why I have so much and you have so little? I don’t know, but I’m not going to sell one of my houses to buy you one. I don’t need to justify it to anyone, it just is what it is. I think you’d be very surprised at how many rich people live thrifty and frugally. What you are seeing is the OTT flaunting of their wealth, that is what the less fortunate hate.