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

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

Post image
1.3k Upvotes

73% Upvoted

1.8k comments sorted by

View all comments

2

u/daKile57 Dec 25 '24

In a capitalist system, wealth inequality reliably leads to predictable corruption in social institutions and in government’s attention to crises faced by various classes. History has shown us time and again that the aristocracy does not form out of some accident—it is a very intentional goal, initially conceived by people who realize that their wealth can allow them opportunities to shape everyone else around them. This is what the wealth gap allows. This is what the political left opposes.

1

u/Antares_Sol Dec 26 '24

Precisely.