Wealth, Power, and Equality

I spell out a distinctive account of what is wrong with inequalities of wealth: they constitute asymmetries of power. Two ideas lie behind this view. The first is that asymmetries of power constitute inegalitarian relationships. Think of the relationship of king to subject or master to slave: these are in part constituted by asymmetric power. The second is that wealth gives one power over people. When you have a lot of money, you can pay people to do what you want, and that gives you power over them. Inequalities of wealth, by constituting asymmetries of power, thus constitute objectionably inegalitarian relationships.