Post
Topic
Board Politics & Society
Re: Mark Ames on Ayn Rand
by
AyeYo
on 01/07/2011, 17:42:37 UTC


Ah, the great fallacy of the free marketeers... that everyone who is rich MUST be highly productive.

Quote
In a society of an hundred thousand families, there will perhaps be one hundred who don't labour at all, and who yet, either by violence, or by the more orderly oppression of law, employ a greater part of the labour of society than any other ten thousand in it. The division of what remains, too, after this enormous defalcation, is by no means made in proportion to the labour of each individual. On the contrary those who labour most get least. The opulent merchant, who spends a great part of his time in luxury and entertainments, enjoys a much greater proportion of the profits of his traffic, than all the Clerks and Accountants who do the business. These last, again, enjoying a great deal of leisure, and suffering scarce any other hardship besides the confinement of attendance, enjoy a much greater share of the produce, than three times an equal number of artisans, who, under their direction, labour much more severely and assiduously. The artisan again, tho' he works generally under cover, protected from the injuries of the weather, at his ease and assisted by the convenience of innumerable machines, enjoys a much greater share than the poor labourer who has the soil and the seasons to struggle with, and, who while he affords the materials for supplying the luxury of all the other members of the common wealth, and bears, as it were, upon his shoulders the whole fabric of human society, seems himself to be buried out of sight in the lowest foundations of the building.
Adam Smith, first draft of Wealth Of Nations

Please don't misstate my opinion. I never said everyone who is rich must be highly productive. I merely said that most wealthy people, probably the great majority, were highly productive.

Then obviously I didn't mistate your opinion because that's exactly what you said before and it is equally untrue.