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inequality

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According to the economic story, you're free to enter and exit the world of markets as you please. As a buyer, you're free to choose whether to buy something or not. If you want something and can afford to pay for it, it's yours. If nothing pleases you, you can "vote with your dollar" and buy nothing. In practice, if you're less mobile than others in the world of markets somehow, perhaps because you're a child or a senior, or are poor, or have learning disabilities or mental health issues, you don't have the same access to the market as others do who are more independent Instead, you'll likely find it hard to identify your choices and make the best choice, which you need to be able to do for the market to operate efficiently, or you may not have enough money to enter the market to begin with. Sometimes your "best choice" isn't much of a choice at all; if your two options are to starve or to buy bread at extortion rates from the only seller in town, your "freedom" to enter or exit the market doesn't amount to much.

FM
F.S. Michaels

Monoculture: How One Story is Changing Everything

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How people themselves perceive what they are doing is not a question that interests me. I mean, there are very few people who are going to look into the mirror and say, 'That person I see is a savage monster'; instead, they make up some construction that justifies what they do. If you ask the CEO of some major corporation what he does he will say, in all honesty, that he is slaving 20 hours a day to provide his customers with the best goods or services he can and creating the best possible working conditions for his employees. But then you take a look at what the corporation does, the effect of its legal structure, the vast inequalities in pay and conditions, and you see the reality is something far different.

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The protesters have called into question whether there is a real democracy. Real democracy is more than the right to vote once every two or four years. The choices have to be meaningful. But increasingly, and especially in the US, it seems that the political system is more akin to "one dollar one vote" than to "one person one vote". Rather than correcting the market failures, the political system was reinforcing them.

JS
Joseph E. Stiglitz

The Price of Inequality

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Freedom is essentially a condition of inequality, not equality. It recognizes as a fact of nature the structural differences inherent in man _ in temperament, character, and capacity _ and it respects those differences. We are not alike and no law can make us so. Parenthetically, what a stale and uninteresting world this would be if perfect equality prevailed! When you seek the taproot of reform movements, you find an urgency to eradicate these innate differences and to make all men equal; in practice, this means the leveling-off of the more capable to the mediocrity of the average. That is not Freedom.

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On December 10, 2013, Eric Boyles, the man who lost his wife Hallie and only daughter Shelby in the fatal accident, discovered that Mr. Couch would serve the minimal time in prison for his actions.[ 16] In fact, Mr. Couch was sentenced to exactly zero days in prison. Although Mr. Couch was driving 70 mph in a 40 mph zone, had a blood alcohol level of 0.24, and had valium in his system, Judge Jean Boyd granted Mr. Couch extreme leniency.[ 17] In lieu of prison time, the Judge sentenced Mr. Couch to ten years of probation and In assessing the ruling, a New York Times Article suggests the defense of __ffluenza_ played a critical role in the decision. The Article stated: Judge Boyd did not discuss her reasoning for her order, but it came after a psychologist called by the defense argued that Mr. Couch should not be sent to prison because he suffered from __ffluenza_ _ a term that dates at least to the 1980s to describe the psychological problems that can afflict children of privilege. Prosecutors said they had never heard of a case where the defense tried to blame a young man__ conduct on the parents_ wealth. And the use of the term and the judge__ sentence have outraged the families of those Mr. Couch killed and injured, as well as victim rights advocates who questioned whether a teenager from a low-income family would have received as lenient a penalty.[ 19] "This has been a very frustrating experience for me," said prosecutor Richard Alpert. "I'm used to a system where the victims have a voice and their needs are strongly considered. The way the system down here is currently handled, the way the law is, almost all the focus is on the offender.

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The lower classes of people in Europe may at some future periodbe much better instructed than they are at present; they may be taughtto employ the little spare time they have in many better ways than atthe ale-house; they may live under better and more equal laws than theyhave ever hitherto done, perhaps, in any country; and I even conceive itpossible, though not probable that they may have more leisure; but it isnot in the nature of things that they can be awarded such a quantity ofmoney or subsistence as will allow them all to marry early, in the fullconfidence that they shall be able to provide with ease for a numerousfamily.

TM
Thomas Robert Malthus

An Essay on the Principle of Population

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On June 15, 2013, Ethan Couch killed four pedestrians and injured two others in Westlake, Texas.[ 13] Mr. Couch killed Breanna Mitchell, whose car broke down; Hollie and Shelby Boyles, who came to assist Breanna; and Brian Jennings, a youth minister who also stopped to help. In addition, Mr. Couch critically injured two of his passengers, Solimon Mohmand and Sergio Molina.[ 14] The sixteen-year-old teen admitted to speeding and being drunk when he lost control of his pickup. Tests revealed he had a blood-alcohol level three times the legal limit and traces of Valium in his system at the time of the accident.----------------On December 10, 2013, Eric Boyles, the man who lost his wife Hallie and only daughter Shelby in the fatal accident, discovered that Mr. Couch would serve the minimal time in prison for his actions.[ 16] In fact, Mr. Couch was sentenced to exactly zero days in prison. Although Mr. Couch was driving 70 mph in a 40 mph zone, had a blood alcohol level of 0.24, and had valium in his system, Judge Jean Boyd granted Mr. Couch extreme leniency.[ 17] In lieu of prison time, the Judge sentenced Mr. Couch to ten years of probation and In assessing the ruling, a New York Times Article suggests the defense of __ffluenza_ played a critical role in the decision. The Article stated: Judge Boyd did not discuss her reasoning for her order, but it came after a psychologist called by the defense argued that Mr. Couch should not be sent to prison because he suffered from __ffluenza_ _ a term that dates at least to the 1980s to describe the psychological problems that can afflict children of privilege. Prosecutors said they had never heard of a case where the defense tried to blame a young man__ conduct on the parents_ wealth. And the use of the term and the judge__ sentence have outraged the families of those Mr. Couch killed and injured, as well as victim rights advocates who questioned whether a teenager from a low-income family would have received as lenient a penalty.[ 19] "This has been a very frustrating experience for me," said prosecutor Richard Alpert. "I'm used to a system where the victims have a voice and their needs are strongly considered. The way the system down here is currently handled, the way the law is, almost all the focus is on the offender.

RC
Renwei Chung

The Golden Rule: How Income Inequality Will Ruin America