Earlier quoted context omitted.
> Which is a reflection of an intensely unequal distribution of income. Which is a reflection of an intensely unequal distribution of productivity and value creation. I've also lived under communism, where they ignored this uneven contribution and tried to squash the incomes uniformly. The result was quite predictable: we were equally starving, of course. Except the nomenklatura, but that's another story.
> Which is a reflection of an intensely unequal distribution of productivity and value creation. Well, I can't disagree with that claim. But it's not really all that interesting, in and of itself. The question is: to what extent, and with sort of multiples, should differences in wealth/income reflect the distribution of productivity/value creation? There are a wide range of answers to that question, all the way from…
The best answer in that not only was the only one that got us fed unlike the alternatives that only brought suffering, death and starvation but also got us such an amazing wealth that we have the luxury to sit and debate such issues from opposite corners of the earth, in real time, on magic devices connected to the freaking cloud.
As an Eastern European, I lived through the transition from the horrors of communism to the benefits of capitalism and while it wasn't easy I am a living testament to the immense success story this change brought to these lands.
And you can also plainly see the reverse transformation from wealth to misery brought by switching away from free markets in countries such as Argentina or Venezuela.