Today\’s Ritchieism

Does he really believe that one of the richest economies in the world has no duty to redistribute wealth because the market always reallocates it upwards…

Markets always redistribute wealth upwards do they?

Well, there goes the entire economic history of the last three centuries then. The poor are indeed poorer now than they were in 1710 aren\’t they?

3 thoughts on “Today\’s Ritchieism”

  1. There are economies that distribute wealth upward, but they are protectionist ones, where consumers are forced to buy shoddy goods at inflated prices.

  2. “the local – where people live their lives”

    The local? Is he talking about the pub? Talk about perpetuating stereotypes about benefits claimants!

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