>Capitalism, is an institutional arrangement wherby winners and losers are
>placed in juxtaposition, and in the macro sense, provide paraeto "signaling"
>to individuals regarding risk vs safety optimality decisions. Those who
>choose well prosper, those who choose poorly, suffer the indignation of
>poverty. Thus it is a "carrot and stick" parable, meaning that the carrot
>of riches must be balanced by the threat of poverty. To the extent that the
>"stick" aspect is softened, then the institutional efficiency of the market
>process is damaged.
Doug