Monday, May 23, 2016

Who Cares about Inequality?

Commentary from Don Watkins from FEE.org:

The division between classical and modern liberals is often represented as paralleling the tension between liberty and equality. Where classical liberalism saw individual liberty as the driving force behind peace and prosperity, the modern variety puts more emphasis on equality. But this is a false dichotomy. The only kind of equality that is possible is also the only kind that matters: political equality.

Political equality refers to equality of rights. Before the creation of the United States, every system of government had taken for granted that some people were entitled to rule others, taking away their freedom and property whenever some allegedly “greater good” demanded it. The Founders rejected that notion. Each individual, they held, is to be regarded by the government as having the same rights to life, liberty, and the pursuit of happiness as any other individual. So long as he didn’t violate other people’s rights, he was free to set his own course and live on his own terms.

By making the government the guardian of our equal rights rather than a tool for the politically privileged to control and exploit the rest of society, the Founders transformed the state from an instrument of oppression into an instrument of liberation: it liberated the individual so that he was free to make the most of his life. (Unfortunately, they failed to fully implement that principle, above all by allowing the continued existence of slavery, which was a clash of principles that nearly tore the country apart in a civil war.)

Political equality is what made America a land of opportunity. In a world where there were no special privileges and no special obstacles, each individual was free to rise as high as his ability and ambition would take him. This political equality inevitably went hand in hand with economic inequality, as the ability and ambition of some people took them further than others. There was no contradiction in that fact. Political equality has to do with how the government treats individuals. It says that the government should treat all individuals the same — black or white, man or woman, rich or poor. But political equality says nothing about the differences that arise through the voluntary decisions of private individuals. Protecting people’s equal rights invariably leads to differences in economic condition, as some people use their freedom to create modest amounts of wealth while others reach the highest levels of financial success.

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When a bank or auto company that made irrational decisions gets bailed out at public expense, that is an outrage. But the root of the problem isn’t their executives’ ability to influence Washington; it’s Washington’s power to dispense bailouts.  [read more]

The modern liberals the author is talking about are also called progressives or what I call The Left since they might change their name again. Good article.

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