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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
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