Wealth Inequality in America

[sc94597]

Rab said:

sc94597 said:

Rab said:

sc94597 said:

Technology would never have developed without incentive (reward.) 

Rewards can be many things, many times that reward is simply and naturally to help others

We have been developing technology since before we where Humans

Let me correct my statement. "Technology would never have developed as efficiently without an incentive (reward.)" 

Also, in a world ridden in scarcity (the world pre-capitalism) there is no means to help others. The only way to help others was by helping yourself, by mutually working together with the aim of higher productivity so that scarcity might be reduced. That is how people were and are helped. 

 

Good point, that is why mostly equal sharing of resource is instinctive it us because it was a way to help others that resulting in ultimately helping ourselves, something we have done for almost all of our Human evolution and probably long before  

Unfortunately, a totally egalitarian distribution of resources doesn't lead to any real productive economic activity, and doesn't reduce scarcity. The formation of markets was a natural progression after the discovery of new niches and resources. Not all people can do everything at the right efficiency, due to natural variation. Consequently, we allow people to pursue the production they are good at, with their motivation being to reduce their own scarcity. By working in ones own self-interest the interactions they have with others also benefit others. If I am good at growing apples, and my friend is good at growing banannas, and we want to trade so that we can maximize our happiness by having whichever number of apples and banannas we desire, we become more productive.