From: Dehede011@aol.com
Date: Sat Mar 22 2003 - 11:46:38 MST
In a message dated 3/22/2003 12:29:45 PM Central Standard Time,
alexboko@umich.edu writes: This is actually a specific instance of a general
case of failures in said ideology. That is, lock-in effect. The *reason* some
people are more poor and ignorant than others is that privilege can be
inherited. Can't get rid of inheritance without statist and coercive tactics.
Can't keep inheritance and still compete on a level playing field.
Alex,
Actually, the answer has become increasingly obvious over the past one
hundred years. According to The Bell Curve the society developed an economy
that has become increasingly high tech. Since about 1900 it has increasingly
favored those that are in the top 5% of intelligence.
Some say the old money has increasingly had to hire the highly
intelligent at the top executive level as their businesses have become too
complex for the old money to operate. Now some are saying we are seeing some
regular donnybrooks in the boardrooms as the hired hands demand more and more
(in reward and in decision making power) from the old money.
Some purport to see a danger in the hired hands and the old money
teaming up politically to the detriment of the rest of us.
Ron h.
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