The economic ideology of Equalist Socialism in which the economy is run by the government, where inheritance is outlawed, and where jobs are paid based on their contribution to society. As K. S. Lukas, “Equalist Idealism can be summarized in these words: Prohibit all inheritance, to preserve equal opportunity.” Equal opportunity economics is commonly confused with equal outcome economics. The main difference between equal opportunity and equal outcome is these two questions: What status does one have when they are born? and What status does one have when they die? Equal outcome economics ensure that “everyone” dies with the same status while equal opportunity economics ensures that whilst every member of the society starts with the same status, they will end up with different statuses at the time of their death based on their work ethic. This is the difference between Communism and Equalist Socialism.
What is Equalist Idealism?
It is an extremely capitalistic ideology where everyone, regardless of prior status, race, ethnicity, or gender start at zero and gain status in their society based solely on their own work ethic.
It is an extremely capitalistic ideology where everyone, regardless of prior status, race, ethnicity, or gender start at zero and gain status in their society based solely on their own work ethic.
by Leuvenheit November 4, 2019