However, activists against the concept of economic inequality, like William Ryan, believe that the distribution of wealth is grossly unfair. Ryan’s essay, Inequality, offers the idea that economic resources should be shared equally among all instead of limiting the access of these resources to those with a lower economic status. This concept is what Ryan calls “Fair Share.” The opposite theory to Fair Share is the “Fair Play” concept, which embodies the essential principles of a market economy. On paper, the essential idea of Fair Share is a noble one, but realistically eliminating economic inequality would be detrime

e ownership of personal resources, which hold monetary value.

ntal to our current society in several ways.

In order to understand the principles of Fair Play, we must examine some of the basic characteristics of the market system that is implemented today. Individuals within a market system are given the opportunity to own their property resources, such as capital and land. This is very important because there is little government control. The right to private property extends the freedom to negotiate binding contracts and owners are allowed to use and dispose of their property resources as they see fit. If it were possible for the government to come and take away a person’s property or the benefits derived from that property, then there would be no incentive for individuals to want to own property resources. The right to private property stimulates growth in the economy, investment and voluntary exchange. But property rights do not just apply to physical resources; intellectual property such as patents and copyrights are covered also. Personal wealth is accrued through th

A second characteristic of a market system is the freedom of enterprise and choice. These two ideas are closely tied into private property. Freedom of enterprise and choice guarantees an entrepreneur the ability to use their resources in a way that is most beneficial to them. The entr

Some topics in this essay:
Fair Play, Fair Share, Feudalism Western, William Ryan, market system, fair share, fair play, distribution wealth, equal distribution, private property, fair play concept, property resources, play concept, voluntary exchange, freedom enterprise choice, own property resources, equal distribution wealth, voluntary exchange competition, economic incentives,