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Exploring Equality of Opportunity and Market Efficiency
The chapter delves into the concept of valuing equality of opportunity as a safeguard against human fallibility, challenging the notion that a person's value can be determined by their income in the market. It explores the discrepancy between market incentives and utility, critiquing the flawed assumption that under unrestricted capitalism, individuals contribute to the market based on their capacity. The discussion also questions the appeal to natural rights in modern times, particularly in relation to property rights and the justification of entitlements.