Capitalist economies reward qualities like innovation, risk-taking, and hard work—qualities that generate value, produce wealth, and usually lead to benefits for many people throughout the society. When rewards flow to the people who exhibit those qualities, unequal income distribution is the inevitable result. Edward Conard, a founding partner of Bain Capital, carries the argument even further in The Upside of Inequality. Conard concludes that inequality ultimately leads to faster growth and greater prosperity for everyone.
