Vikrant

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More generally, though, one of the community’s reactions to a meritocratic ladder few can climb is to establish other ladders that more people can climb. Reducing the range of things that money can buy can increase the space for such nonmarket activity. Engagement with the church, in community leadership and service, in government or military service, with charitable organisations, and with the family and kin, are alternative ladders that are respected in their own right. By imposing clear limits on the market – one cannot buy public office, professional accomplishments, military glory, ...more
Vikrant
Market vs community as path to rewards
The Third Pillar: How Markets and the State Leave the Community Behind
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