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money. The wonder of free market is in how it properly aligns humans’ interests to what maximizes productivity as a whole.
That’s what a Korean descent economic professor taught me in US. He talked about it passionately, and I listened to it with wide open eyes.
“Free market is meritocracy,” he said with a smile enthusiastically.
Did it? Yes, mostly. Not completely.
Think it this way, pure free market does not take care of everything. Security, is still, at least, till now, done by governments.
Free market simply change the way we acquire success and prestige. Before the greatest among us are those who can kill others.
Now, the greatest among us are those providing the best service to the most customers.
Free markets also properly align humans’ interests to productivity. However, it doesn’t do so fully.
Say a person cannot work, at least temporarily. He can only eat, sleep, and wait till he’s death. What’s the most productive thing that person can do
I’d say, he can support free market, and postpone making kids until he’s rich.
Is that what the most profitable thing to do for him? Of course not. Under pure free market, that person would be better of voting for free welfare, and free drug prescriptions, and so on.
In non democratic countries, those people would probably find places waging Jihad against porn, prostitution, greed, and all the stuff envy bigots hate.
There are many choices we can do. One very reasonable ways, within democratic system, is to simply buy their votes.
How much a vote worth A vote can worth differently to different people. The neediest are willing to sell their vote for the cheapest price. You see why we should “help” the needy
It’s simply more profitable to do so.
That’s why we should give the needy. So we can buy their votes and motivate them to postpone making kids till they’re rich. Do this and poverty will be history.