Quote:
Originally Posted by mcgeedo
But the key is to reward effort, not failure. One only has to look at the USSR of old to see what a dismal failure it is to give no incentive to hard work.
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Rewarding effort is a good goal but too often the rewards are given to those whose efforts are geared to obtaining wealth via political connections, corruption and insider information. I believe that in our current system much of the wealth is obtained this way and there are more of them than the John Galts out there in free enterprise land. It would be great if there was some way to stop wealth generation via corruption and insider status but that does not benefit many of those currently making the rules.