V. Redistributive Organization
- R.1) Redistributive Freedom: Freedom to claim a share of proceeds of production, earned by virtue of adhering to norms (bearing costs of adhering to norms), despite lack of control over resources, participation in production, or influence over the productivity of those resources, except by voluntary restraint. (Restraint is a real opportunity cost to individuals.) This is the correct non-platonic definition of economic freedom that describes human actions in the productive process.
Redistribution of some wealth, weather through charity, transfers, infrastructure, or credit is a means of compensating the less productive for their investment forgone opportunity costs. Most argue that price reduction along is a sufficient form of compensation. But as the difference in wealth increases, it becomes possible for market participants to use money to evade the market, and force a discount onto the poorer people’s opportunity costs, creating reverse distribution.
Contra:
Cost:
Perception and Calculation:
