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Inequality, it is said, is the price that has to be paid for economic efficiency. ...
Without the incentives offered by inequality, either as a reward or punishment, a capitalist economy simply loses its dynamism. ...
But worse, as neo-liberal social theorists in the US have argued, attempting to narrow inequality by redistributing income from the rich to the poor creates a dependency culture. ...
Although notions like dependency culture and the need for incentives may seem modern, these are ancient concerns, which have dogged efforts to ameliorate inequality for centuries.
Approximate Word count = 578 Approximate Pages = 2.3 (250 words per page double spaced)
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