TED Conversations

Daniel Goldman

This conversation is closed.

Why should we consider wealth inequality within the middle class as a negative?

Of course, it makes sense why poverty should be avoided, and there are issues with a group of people being able to control the flow of resources through society (elites), but what about wealth inequality within the middle class? Is equality necessarily the best condition?

When it comes down to it, new technology is almost always far more expensive than existing technology. However, because there are people with "too much money on their hands", someone is around to purchase such technology. This gives the initial capital necessary to continue the development and production of these technologies and thus allow them to eventually decrease in price enough for them to become common place.

For clarification, by middle class, I do not mean those having a certain income or level of wealth. By middle class I mean those who are actively part of the consumer-producer complex: the core of the free market capitalist system.

References to how I view class stratification:


Showing single comment thread. View the full conversation.

  • Dec 17 2013: wealth belongs to the living, who should earn it. Dead people dont need it. you should watch. its short. people can control their own legacy with intent and thought. http://www.youtube.com/watch?v=98NHoNc5AI0
    • thumb
      Dec 17 2013: I'm not talking about dead people. I'm talking about living people with differences in wealth. Stop pushing the same damn link over and over again and try to argue your point, if you have one, or get lost. In addition, use the reply feature. You're going to flood the root thread.

      So now I'll ask you again, why is wealth inequality in the middle class a negative?

Showing single comment thread. View the full conversation.