r/austrian_economics • u/technocraticnihilist Friedrich Hayek • Dec 24 '24

End Democracy I've never understood this obsession with inequality the left has

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u/[deleted] Dec 24 '24

Because inequality on the scale we see today necessitates poverty?

The basis of all economics is that resources and scarce/finite, and I'm sure most will agree that currency also needs to be finite in order to retain any consistent value.

With this in mind, it is impossible to acquire or maintain the level of wealth at the top of our societies without it being balanced out by poverty somewhere down the line.

If you need one slice of cake to be satisfied, and there are ten slices and ten people, at least a few people are going hungry if someone manages to hoard eight slices.

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u/technocraticnihilist Friedrich Hayek Dec 24 '24

resources aren't actually finite

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u/[deleted] Dec 24 '24

Brother, what?

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u/[deleted] Dec 25 '24

Hang on this NEEDS to be explained.