The End of Equality (Why Capitalism Needs Competition)

Author: Reinhard Hahn (Germany), translated by Wang Wei
Publisher:
Publish Date: 2005-12-01
Features: Competition is the theme of capitalism. Competition creates inequality, but it also provides opportunities. These inequalities are determined by market rules, education, ability, and knowledge. The author argues that a pure market economy, i.e., pure capitalism, is a more socialized economic form than a social market economy that emphasizes equal distribution. People must be prepared to accept greater inequality and the continuous growth of income and living standards. For Germany to enhance the international competitiveness of its capital productivity, it must introduce more competition.