Monday, March 10, 2014
Thoughts on Economic Freedom
I also agree with Friedman and Jordan in saying that there needs to be inequality in a society because a completely equal society does not progress. In addition, it has been proven that the poorest people in countries with a decent amount of inequality have more than the people in completely equal societies. Since Friedman says that the government is in place to control what the market cannot, it makes sense that governmental control is what drives societies in the wrong direction; the market alone can manage to take care of balanced inequalities. Also, I once read that people only feel poor depending on how poor they are compared to those around them, so is it important to consider how people feel to determine if equality is something to strive towards. Does it matter how poor people consider themselves to be or how poor they are? If it is more important how people feel, then governmental control is ideal.