Inequality
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.