Tagged: capitalism

The Elasticity Between Work and Success

Much has been said about work and success over the past several months of campaigning, and I believe it is the relation between the two that lies at the root of disagreements between the economic right and left. In my view, the theoretical poles of this spectrum can defined as libertarianism on the right and socialism on the left. To take the extreme positions for a moment, the pure libertarian would consider the relation between one’s work, and success to be perfectly inelastic. That is to say that every unit of work generates a unit of success, or more simply, they are perfectly correlated. At the other end of the spectrum lies the socialist, for whom work and success are perfectly elastic. Success is simply a function of birth, or some other immutable attributes. There is no correlation between work and success. I am fortunate enough to have never met anyone who subscribes to either one of those extremes, however anyone who has an opinion on the matter either implicitly or explicitly falls somewhere along this continuum. As a general principal of political thought, I believe it is essential to acknowledge that all political ideologies are inherently continuous, rather than discrete. Continue reading