Four horsemen and Inequality March 6, 2017Posted by hslu in Economics, Social Issues.
Tags: four horsemen, inequality, The Great Leveler, Walter Scheidel
Walter Scheidel is a Stanford professor who in his book: “The Great Leveler: Violence and the History of Inequality from the Stone Age to the Twenty-First Century” identified four indisputable and truly effective ways to reduce inequality: war, revolution, state collapse, and deadly pandemics.
That’s quite a powerful statement indeed. People have suggested education for the masses as a way to shrink the wealth gap. But it is not very effective.
Other than the “four horsemen identified in the book, I can think of a few other ways to reduce inequality in a nation: progressive tax on wealth in addition to income, 90% tax on the extremely rich segment of the soceity, effective redistribution system like generous welfare program and communism.
Inequality is the product of capitalism. Human is inherently un-equal in many ways: look, IQ, race, health, willingness to learn and family background, among others.
Capitalism has a way to enhance the gap among people in a winners-take-all system.
So, is it fair to say that America is the post child of inequality because capitalism reigns?