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← Incentives create inequality by definition; inequality is their very purpose

10 connected korrents · 7 moments from 18 Dec 1790 to 24 Sept 2026.

Everything filed under capitalism capitalism Same subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subject Read this korrent: Incentives create inequality by definition; inequality is their very purpose Incentives create inequality bydefinition; inequality is their verypurpose Last stated 3 years ago 11 May 2023 RB Roy Baumeister — holds since 2023-05-11 — tap for who they are Same subject: Unequal land ownership is the great cause of unequal distribution of wealth — tap to centre the map on it Unequal land ownership is the greatcause of unequal distribution ofwealth HG Henry George — holds since c. 1877–1880 — tap for who they are Same subject: A "good business" now means one that can display quarter-on-quarter stock growth, not one that makes good products at a fair price. — tap to centre the map on it A "good business" now means one thatcan display quarter-on-quarter stockgrowth, not one that makes goodproducts at a fair price. Last stated a year ago 21 May 2025 EZ Ed Zitron — holds since 2025-05-21 — tap for who they are Same subject: A competitive market involves no personal rivalry and no personal haggling — tap to centre the map on it A competitive market involves nopersonal rivalry and no personalhaggling MF Milton Friedman — holds since c. 1962 — tap for who they are Same subject: A market becomes commodified through fungibility of alternatives, not merely through lower price. — tap to centre the map on it A market becomes commodified throughfungibility of alternatives, notmerely through lower price. Last stated 2 months ago 26 Aug 2026 RK Rohit Krishnan — holds since 2026-08-26 — tap for who they are Same subject: Only because control of production is divided among many independent people does nobody have complete power over us — tap to centre the map on it Only because control of productionis divided among many independentpeople does nobody have completepower over us FH Friedrich Hayek — holds since c. 1944 — tap for who they are Same subject: Private property is the most important guarantee of freedom, for owners and scarcely less for non-owners — tap to centre the map on it Private property is the mostimportant guarantee of freedom, forowners and scarcely less fornon-owners FH Friedrich Hayek — holds since c. 1944 — tap for who they are Same subject: The only rightful security of property is the right to enjoy and bequeath what one's own talents and industry acquired — tap to centre the map on it The only rightful security ofproperty is the right to enjoy andbequeath what one's own talents andindustry acquired Last stated 236 years ago 18 Dec 1790 MW Mary Wollstonecraft — holds since 1790-12-18 — tap for who they are Same subject: A sophisticated economy cannot be centrally planned, because planning removes the price signal that carries information about demand. — tap to centre the map on it A sophisticated economy cannot becentrally planned, because planningremoves the price signal thatcarries information about demand. Last stated a year ago 2 Sept 2025 BE Benedict Evans — holds since 2025-09-02 — tap for who they are Same subject: Enforcing non-compete agreements on low-wage jobs is anti-competitive and artificially suppresses wages. — tap to centre the map on it Enforcing non-compete agreements onlow-wage jobs is anti-competitiveand artificially suppresses wages. Last stated a month ago 24 Sept 2026 BR Barry Ritholtz — holds since 2026-09-24 — tap for who they are Same subject: In commodity industries, extraordinary profits from shortages are eventually competed away as supply responds to the profit incentive, and losses are similarly self-correcting through reduced supply. — tap to centre the map on it In commodity industries,extraordinary profits from shortagesare eventually competed away assupply responds to the profitincentive, and losses are similarlyself-correcting through reducedsupply. Last stated a year ago 5 Sept 2025 SB Sanjay Bakshi — holds since 2025-09-05 — tap for who they are
same subject or similar wordinga cloud: claims about one subject, named for itbar: when it was last stated, on a scale from 1790 to today (stretched back to the oldest claim here) — full is todaya face: someone who holds the claim — tap it for who they are

At the centre Incentives create inequality by definition; inequality is their very purpose Last stated 11 May 2023 · 3 years ago Holds Roy Baumeister Read this korrent →