The Left thinks that inequality is the biggest economic problem in America. They think that if inequality could be solved, the world would be a better place.
This completely misses the point. The Left will never be able to create total equality in an economy full of diverse people. Every person in America has unique skills and talents. Everyone wants to prosper. Every individual has the capability to create economic value in their own way.
The way to achieve prosperity for as many people as possible is not to make everyone equal, but rather to unleash each individual’s talents.
This is the beauty of free markets. Markets give people the opportunity to participate in the economy in unique and personalized ways.
In order to create prosperity over the long-term, the goal must not be to achieve equality, but to embrace the diversity of talents that we have.
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A lot of people think that inequality is the biggest problem in our economy and if we could just fix inequality, then the world would be a better place.
I have to tell you, they’re missing the boat here, and the reason is that you’re never going to create total equality in an economy when you have a diverse group of people in that economy.
We’re all different. We all have different skills. We all have different talents. We’re all trying to get to the same place. We all want to prosper. We want to serve each other. We want to create value.
The way we’re going to do that is not by trying to make us all equal. It is by unleashing our talents.
That’s the beauty of a free market. It gives people the opportunity to participate in the economy in ways that make sense for them.
If we want to create prosperity over the long term, it’s not about making people equal, it’s about loving diversity and unleashing the diversity of talents that we have. If we can do that, then, indeed, we’ll see widespread prosperity in a free-market economy.
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