Display:
What your position seems to neglect is the value of competition and diversity in doing what is new.

This is the only upside of wealth inequality, that sometimes a part of the immense wealth accumulated at the top is used for patronage of the arts, of science, or for building something lasting.

So, actually, philantropists like the Gatess foundation could pour money into vaccine research, or into orphan diseases, as we know Big Pharma is only interested in treatment, not prevention.

The sad part is that, in more "socialist" times, a worldwide push to eradicate smallpox was successful, and the likelyhood of anything like that being initiated in our neoliberal international climate is next to zero.

Those whom the Gods wish to destroy They first make mad. -- Euripides

by Migeru (migeru at eurotrib dot com) on Sat Nov 25th, 2006 at 07:15:20 AM EST
[ Parent ]
This is the only upside of wealth inequality

But if not for the wealthy, who would buy expensive new high-tech junk that doesn't work well -- thereby creating a market that drives design improvement and cost reduction until the masses can buy low-cost working tech-junk?

Words and ideas I offer here may be used freely and without attribution.

by technopolitical on Mon Nov 27th, 2006 at 12:33:40 AM EST
[ Parent ]

Display:
Login
. Make a new account
. Reset password
Recommended Diaries
Clipping the wings of a judge
by Migeru - Feb 10
54 comments

Sarkozy: Enemies Ahoy!
by afew - Feb 10
32 comments

Hunger March wins PR battle
by DoDo - Feb 9
3 comments

LQD: Unsustainable irrigation
by Melanchthon - Feb 9
1 comment

Romania: protests change government
by DoDo - Feb 8
6 comments

Murdoch - Outsourcing and Hubris
by ceebs - Feb 3
18 comments

Obama wins GOP Primaries (to date)
by Frank Schnittger - Feb 8
9 comments

Bristol Pound
by ChrisCook - Feb 7
14 comments

Recent Diaries
Sarkozy: Enemies Ahoy!
by afew - Feb 10
32 comments

Clipping the wings of a judge
by Migeru - Feb 10
54 comments

LQD: Unsustainable irrigation
by Melanchthon - Feb 9
1 comment

Hunger March wins PR battle
by DoDo - Feb 9
3 comments

Obama wins GOP Primaries (to date)
by Frank Schnittger - Feb 8
9 comments

Romania: protests change government
by DoDo - Feb 8
6 comments

Answers to the Renewable Energy Consultation
by Luis de Sousa - Feb 7

Bristol Pound
by ChrisCook - Feb 7
14 comments

The Imitation Of Germany
by afew - Feb 4
31 comments

Strange Fruit
by Frank Schnittger - Feb 4
14 comments

Murdoch - Outsourcing and Hubris
by ceebs - Feb 3
18 comments

Mismatch with the Natural Gas Market
by Luis de Sousa - Feb 3
22 comments

The Future of Economics
by ARGeezer - Feb 2
191 comments

Desert Island Discs - Helen's distortions
by Helen - Jan 31
48 comments

Gorila
by DoDo - Jan 29
14 comments

Rail News Blogging #7
by DoDo - Jan 29
15 comments

Obama's State Of The Union: LQD
by Crazy Horse - Jan 25
74 comments

Democracy Technology
by gmoke - Jan 24
1 comment

The Hydrogen dream
by Luis de Sousa - Jan 24
49 comments

ET Paris Meet-Up 2012 (2 UPDATE)
by afew - Jan 23
113 comments

More Diaries...
Occasional Series