Crooked Timber notes a persistent theme among their commentators: "...if markets are working correctly, people end up more or less where they deserve to be...". The author digresses into an academic refutation that apparently involves Hayek (generally a sign that it is to heavy a discussion for my aged brain).
Analysis aside, this is a persistent theme in right wing discourse. It seems to have two separate roots that converge on a single conclusion.
Root One: The Deists
- God rewards the good and punishes the bad.
- Poverty is a sign of God's punishment, hence of badness.
- Wealth is a sign of God's reward, hence goodness.
- Markets are God-like.
- Markets are Good.
- Poverty is a sign of Market punishment, hence of badness.
- Wealth is a sign of Market reward, hence goodness.