People have been trying the whole equality approach to economics for quite some time.. it's a beautiful thought but I believe it just doesn't work with how humans behave
You're right, and i think equality does the opposite of what wealth does - think about it. If everyone had an equal share of something, making them all equally wealthy, they cease to be wealthy - anything considered valuable will be something everyone else lacks. It is very much like communism in a way - lovely on paper, but in practice, it doesn't work because it directly conflicts with the nature of markets, wealth and even human nature, it's why i think such countries that adopt this approach tend to turn totalitarian; because it can't keep human will in check, and it refuses to accommodate to it - this is wrong, markets are there for us, to tailor to us. NOT the other way around.
I think equality on an economic scale just will not work, ever, period. However, in NEM's case it was equality in
opportunity - everyone getting a fair chance to invest within acceptable, obtainable means. The initial "Call to participation" did a very good job of this, even after we had Nemstake on the AE. This is what the equality in NEM is about (At least, this is what it appears to me).
