Deirdre McCloskey on why poverty matters more than inequality (BBC Radio interview)

Utopia - you are standing in it!

In place of capitalism, she talks of a system of ‘market-tested innovation and supply’:

You have to ask what the source of the inequality is.

If the source is stealing from poor people, I’m against it.

But if the source is, you got there first with an innovation that everyone wants to buy, so you get paid some crazy sum, you ought to be paid so much, don’t you think?

There is noting to be gained by focusing on inequality.

McCloskey

McCloskey’s characteristically extravagant self-description:

postmodern free-market quantitative rhetorical Episcopalian feminist Aristotelian woman who was once a man.

She asks that compared to all the envy driven policies, what has helped the poor more than increasing the size of pie?

McCloskey argued that:

  • Equality is not an ethically sensible purpose.
  • Changes in inequality was made an issue by the intellectuals, not by the working class.
  • Absolute poverty is what matters and…

View original post 45 more words

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