Part III: Poverty Is a Problem, not Inequality

International Liberty

Ethical people, regardless of ideology, should be motivated by an empathetic desire to help the poor rather than a spiteful thirst to punish the rich.

That was the message in Part I and Part II of this series. That’s also today’s message, and we’ll start with this video.

There’s a lot of information in this video, broken down into five thematic points.

  1. Profit (earned through voluntary exchange) is good, while plunder (obtained through government coercion) is bad.
  2. Because people are different, it is important to distinguish between equality of opportunity and equality of outcomes.
  3. People don’t understand inequality, and that leads many of them to overlook the important problem of poverty.
  4. We are getting richer over time, meaning that the middle class is only disappearing because some are becoming rich.
  5. Thanks to the spread of pro-market policies, the entire world is becoming more prosperous with better…

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