{"title":"How Money Legitimizes Inequality","authors":"Fritz Breithaupt","doi":"10.3138/YCL.60.X.55","DOIUrl":null,"url":null,"abstract":"This essay asks why people accept large economic inequality. It seems people agree in principle that large economic inequality is problematic—but at the same time they do not seem to know how to protest against it: which act of unfairness can it be called? The puzzling outcome is that inequality today is—with notable exceptions—widely accepted as the state of our society. This short essay will briefly touch on possible answers as to why people tolerate economic inequality. Then it will, with the help of Georg Simmel’s Philosophy of Money, attempt to answer the question that draws on a peculiar feature of money: money enables instantaneous transactions and thereby closes off future communication.","PeriodicalId":342699,"journal":{"name":"The Yearbook of Comparative Literature","volume":"6 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2017-07-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"The Yearbook of Comparative Literature","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.3138/YCL.60.X.55","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
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Abstract
This essay asks why people accept large economic inequality. It seems people agree in principle that large economic inequality is problematic—but at the same time they do not seem to know how to protest against it: which act of unfairness can it be called? The puzzling outcome is that inequality today is—with notable exceptions—widely accepted as the state of our society. This short essay will briefly touch on possible answers as to why people tolerate economic inequality. Then it will, with the help of Georg Simmel’s Philosophy of Money, attempt to answer the question that draws on a peculiar feature of money: money enables instantaneous transactions and thereby closes off future communication.
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