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But what about the poor? Kohn said government is needed to assure equality, just as parents make sure a cake is not unfairly divided among family members.
"The reality is ... we have fixed resources."
But we don't have fixed resources! Thanks to economic liberalization, 7 billion people on earth live better than ever. Poverty decreases. That should prove we don't have fixed resources. Rather than one cake or a fixed supply of cake, greedy entrepreneurs -- like Bill Gates and Steve Jobs -- make more and bigger cakes. Everyone gets richer. The producers, however greedy, are heroes.
Inequality is a product of freedom. When people are free, some will acquire much more than others. Forty years of reporting taught me that letting the wealthy indulge their greed protects consumers and helps poor people much more than government programs do. Just keep them away from government power.
The pursuit of self-interest -- greed, if you will -- benefits everyone. We should free the market and enjoy the prosperity.