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Why Central Planning Always Fails | The Aneesh Karve Series | Episode 4 (WiM265)
The "What is Money?" Show
Is There a Moral Equality in Basketball?
"I do believe in the utility of something like moral equality or equal in the eyes of the law," he says. "But somehow people blur that line into equal outcomes, and that's where things make no sense at all." He compares it to a season of basketball: All players will have same amount of points by decree. In socialist economies, there is no incentive for farmers to produce according to their ability; they get paid exactly the same.
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