Question
Otteson writes: What about inequality? Capitalism does allowand perhaps even requiresinequality. Because people's talents, skills, values, desires, and preferences vary and because of sheer luck,
Otteson writes:
"What about inequality? Capitalism does allowand perhaps even requiresinequality. Because people's talents, skills, values, desires, and preferences vary and because of sheer luck, some people will be able to generate more wealth in a free-enterprise system than others will; inequality will result. But it is not clear that we should worry about that."
In response, please watch thisshort video by Professor Richard Wolff:
https://www.youtube.com/watch?v=7ZsmyfpoILw(Links to an external site.) Minimize Video
What is Wolff's response to Otteson's argument about economic inequality? Please be specific, AND explain who makes the more compelling argument, and why, on this topic.
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