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Old 10-09-2005, 08:35 AM
tomdemaine tomdemaine is offline
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Join Date: Feb 2005
Posts: 236
Default Re: Democracy = Capitalism?

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I'll give government wealth redistribution programs a terse mention, because that's all they deserve. Governmental attempts to redistribute worth have all failed miserably. One need not even gesture as to peoples rights to thier own property, such moral posturing is unecessary to prove the point. Those systems fail because they have been unable to provide a better life for thier propulations. It is a pure failure with no redeeming qualities.

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Assuming you know some micro economics you'll know that a government can, through lump sum transfers, create any allocation of wealth they like and, assuming freedom to trade, convex preferences etc, it will still be Pareto optimal. Let me go and find my edgeworth box diagrams...
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