Albert Duncan

Capitalism and Inequality Albert Duncan

This book reinforces the fact that capitalism is not the enemy and that income and wealth inequality are societys cost for economic prosperity and poverty reduction. While recognizing some of the problems associated with inequality, the author shows that inequality is tightly woven into the fabric of the market economy. This book highlights the logical connection between profit, profit motive, wealth creation, and enhanced economic well-being of citizens. It questions the economic logic and effectiveness of government policies aimed at reducing inequality while refuting the use of taxation to promote equality. Using China as an example, the book shows how capitalism has evolved into an efficient wealth-creating machine bringing prosperity to millions.