...where it arises not from hard work and risk-taking enterprise, but from ''brute-luck'' factors. - Inheritance is a form of "brute-luck" inequality. - Meritocracy is incoherent and impossible without redistribution, because one generation's successful individuals become the next generation's embedded caste, hoarding the wealth they accumulate. - Social justice demands that high incomes and large concentrations of wealth be spread more widely, in order to recognise the contribution made by all sections of the community to building the nation's wealth. - Outcomes and opportunities are closely connected, and inequalities of income and wealth undermine serious efforts to equalise opportunities, affecting real outcomes. - Economic dynamism and fairness MUST be absolutely equal pillars in any society claiming democratic underpinnings. Discuss and debate, please. My thoughts? Well, the above assertions were proffered by Diamond and Giddens in The New Egalitarianism (Polity Press), and I think that while they leave unsaid larger issues that themselves deserve substantive interrogation, the above are accurate statements within that larger, missing critique.