" (Celimene and Briys)
This understanding of equality remains true "... As long as we do not remain unequal in residual (unwanted) risks. That is as long as inequality is not rooted in pure random events. Otherwise this inequality is bad, a true divide indeed!" (Celimene and Briys).
What Dornbusch is saying in effect is that inequality is a positive aspect that flows from the different talents, motivational elements and market forces that normally occur in a free market economy. He does not view inequality that is a result of outside factors that are imposed, such as discrimination and oppression, in a positive light. Only inequality that results from natural differences and different degrees of individual effort and motivation is considered to be "good." In this regard I would tend to agree with his views.
On the other hand I would also agree that poverty is a "bad" aspect of modern society. Poverty means the lack of opportunity and resources that are always negative for any economy and can lead to economic disruption...
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