September 23, 2008
Who said it?

When he sees the luxurious residence or the charming country house of a wealthy person, a poor workingman often asks himself: "Why is there such inequality in the world?"

How many volumes have been written about equality among men! How much blood has been spilled for this idea! And yet, in spite of it all, we still have the rich and the poor...

Let us imagine that one day all the inhabitants of the world would assemble to put into effect this sharing of all goods; and that in fact each person, granted that the world is very big, received an exactly equal portion of the wealth existing on earth.

Then what? That very evening one man might say, "Today I worked hard: now I am going to take rest." Another might state, "I understand this sharing of goods well; so let's drink and celebrate such an extraordinary happening." On the other hand, another might say, "Now I am going to set to work with a will so as to reap the greatest benefit I can from what I have received." And so, starting on the next day, the first man would have only the amount given him; the second would have less, and the third would have increased his.

Then what do we do? Start redistributing the wealth all over again?

Even if everybody began to work right away with all his might and at the same time, the results would not be identical for all. There are, in fact, different kinds of work which are unequally productive; nor do all workers enjoy the same identical capacities. This leads to a diversity of results achieved, and consequently to differences in people's profits.

So who said it? Maximilian Kolbe, a Polish priest imprisoned and martyred at Auschwitz. After a prisoner escaped, the Nazis picked 10 prisoners at random to die by starvation. One of the 10 began pleading with the Nazis about his wife and children, and Kolbe volunteered to take the man's place.

HT: Magnificat

Posted by Tim Shaughnessy at 01:21 AM in Economics

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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