Claim
Appropriate development is inconceivable without radical change and redistribution. It will not result from continued pursuit of economic growth or the further enrichment of the wealthy, and any hoped for trickle down effects. The need is not so much for redistribution of existing wealth from the wealthy to the poor, rather what is most required is a redistribution of the existing productive capacity, especially the land, so that people can produce for themselves the things that they perceive as necessary for modest but adequate standard of living.
Counter-claim
The so-called "maldistribution of productive capacity" is an overblown concern. In reality, market forces naturally allocate resources where they are most efficient and needed. Intervening in this process only creates inefficiencies and stifles innovation. Obsessing over perfect distribution distracts from real issues like technological advancement and economic growth. The market, not bureaucrats, should determine where productive capacity lies—anything else is unnecessary meddling.
Broader
Narrower
Aggravates
Aggravated by
Related
Strategy
Value
SDG
Metadata
Database
World problems
Type
(C) Cross-sectoral problems
Biological classification
N/A
Subject
- Economics » Productivity
- Societal problems » Imbalances
Content quality
Unpresentable
Language
English
1A4N
C9785
DOCID
11397850
D7NID
143691
Editing link
Official link
Last update
Oct 4, 2020


