If Greater Equality Is the Benefit of Government Intervention into the Allocation

question 30

Short Answer

If greater equality is the benefit of government intervention into the allocation of society's resources, what is the cost?

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Definitions:

Good Connections

Beneficial relationships or networks that an individual or organization has, which can be leveraged for personal or professional advantage.

Hard Work

Exerting significant effort or diligence in completing tasks or achieving goals.

Industrialization

The process of transforming economies from primarily agrarian to industrial, marked by the development of factories, technological advancements, and urban growth.

The Gospel of Wealth

An idea popularized by Andrew Carnegie advocating for the wealthy to use their riches to advance social progress.