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Comment on The Moral Paradox of Extreme Wealth: Why People Oppose It Yet Are Reluctant to Take Steps to Reduce It by GlassHammer
['Yves Smith', 'Conor Gallagher', 'Ben Panga']
Comments for naked capitalism
People have a moral right to make certain decisions for themselves, whether that is choosing a flavor of ice cream or deciding whether to have children.
Navigating the BalanceAnd this is where the issue of extreme wealth is located – sitting precisely on this moral fault line.
On the other side, there are serious moral harms to be prevented.
The gap that extreme wealth creates does not just mean some people have far more; it means a minority have the power to ensure that the majority has far less.
Just like people can directly experience the negative consequences of specific extreme weather events, but not of climate change, the dangers of extreme wealth itself cannot be directly experienced, though some of its consequences can be.