this post was submitted on 08 Oct 2023
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Sounds like a very, very fast way to disincentivize anyone working any harder, smarter, or taking any more risks than anyone else.
I get there are HUGE problems with unregulated capitalism, but what you describe (equalizing everyone's outcomes) also comes with catastrophic consequences.
There's just not a good clean answer -- it's a fuckin rats nest and difficult to untangle. But we certainly shouldn't stop trying. Some things have got to change.
Nah, they described it weirdly if that's how you took it. Equity is equal oportunity: they can all watch the game. Equality is everyone gets the same reward.
Besides, both concepts can have room for extra reward for extra work in any actual implementation, so bringing it up as an absolute negative is weak logic.
His description of giving everyone the same outcome is wrong, anyway. Equality is giving everyone the same exact assistance; even if that assistance is not adequate enough or not needed by some.
Equity gives everyone the right tools so that everyone has the same starting chance. Those who do not need assistance do not get any. Those who need a little get a little. And those who need a bit more, get a bit more.
Why do I have to "take risks" to "succeed"? I just wanna live a healthy life. My motivations don't come all that much from power or a paycheck, but rather love from others. Capital doesn't often create incentives or opportunity. A lot of our greastest innovations were made open-sourced, without copyright. And it's capitals job to figure out how to monetize the free resources society provides ourselves.