Sunday, November 13, 2011

Maintaining the Economic Fulchrum

The challenge to any political economy is balancing the need to produce bountiful goods and services--by creating a system of incentives that reward and encourage economic creativity to flourish--while at the same time establishing and maintaining the willingness to share the benefits of that creativity, to fashion a distributive system that fairly and equitably rewards all participants effort and contribution; remembering also the dictates of need: "a society is only as high as it's lowest member."

Economic justice and effectiveness demands that effort and merit must be rewarded, while luck (both good and ill) and dishonestly-gotten gain (through unfairly accumulated power) must be disincentivized and negated and abolished.

I yearn for such a system...and we must all work hard to attain it.


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