BobKKKindle$
17th October 2007, 06:39
A work in progress, by me. Rebut this.
In all societies based on the capitalist economic system there exists an unequal distribution of wealth. Statistics documenting this inequality and changes over a period of time are widely available. Defendants of Capitalism argue that income differences are the product of individuals' free choices over the use of their abilities and resources in a market economy and thus should be accepted, and political measures to rectify inequality are illegitimate. It is the objective of this essay to rebut this view and advance a socialist evaluation of equality.
(...)
In a capitalist society, the income of an adult individual is determined by factors over which they have no control and thus to which they cannot be held accountable, if one accepts a system of ethics emphasizing the importance of individual agency. The most important of these factors is the income of the family unit into which one is born, as this determines the quality of education to which one has access. It is therefore wrong to argue that an unskilled worker endures poor living standards and working conditions because they are not intelligent or are unwilling to work hard; they simply have not been able to enjoy the same opportunities as someone born into a family that does not face financial insecurity. In addition to opportunities, one's family origin can also confer unfair advantages in the form of ownership of productive assets through inheritance, which can allow an individual to enjoy luxury for the duration of their lives and abstain from making any useful contribution to their community. It is therefore clear that income in a capitalist society is not a reflection of individual determination. A statistical analysis of social immobility shows how every individual is limited by their birth. The recent publication of the Sutton Report by the London School of Economics. demonstrated that children born into families in the lowest income quartile in 1970 had a 0.38 probability of remaining in the same income group at age 30. This allows us to dispense with deceitful ideas such as the 'American Dream' and conclude that capitalism is an economic system based on structural immobility.
In all societies based on the capitalist economic system there exists an unequal distribution of wealth. Statistics documenting this inequality and changes over a period of time are widely available. Defendants of Capitalism argue that income differences are the product of individuals' free choices over the use of their abilities and resources in a market economy and thus should be accepted, and political measures to rectify inequality are illegitimate. It is the objective of this essay to rebut this view and advance a socialist evaluation of equality.
(...)
In a capitalist society, the income of an adult individual is determined by factors over which they have no control and thus to which they cannot be held accountable, if one accepts a system of ethics emphasizing the importance of individual agency. The most important of these factors is the income of the family unit into which one is born, as this determines the quality of education to which one has access. It is therefore wrong to argue that an unskilled worker endures poor living standards and working conditions because they are not intelligent or are unwilling to work hard; they simply have not been able to enjoy the same opportunities as someone born into a family that does not face financial insecurity. In addition to opportunities, one's family origin can also confer unfair advantages in the form of ownership of productive assets through inheritance, which can allow an individual to enjoy luxury for the duration of their lives and abstain from making any useful contribution to their community. It is therefore clear that income in a capitalist society is not a reflection of individual determination. A statistical analysis of social immobility shows how every individual is limited by their birth. The recent publication of the Sutton Report by the London School of Economics. demonstrated that children born into families in the lowest income quartile in 1970 had a 0.38 probability of remaining in the same income group at age 30. This allows us to dispense with deceitful ideas such as the 'American Dream' and conclude that capitalism is an economic system based on structural immobility.