creecher
Such is Life - Ned Kelly
Incentive can take many forms, other than the restrictive ones you have outlined previously i.e. capital gain. In a socialist communist state you may be threatened to provide you with the necessary incentive to get the work done, just as you may be in a capitalist state. Your incentive may be to earn $10 rather than $8 or $6, or not get paid, or to provide you with what that extra $2 can attain for you, apart from the satisfaction of doing a good job and being higher on the ladder than someone else, regardless of how good or bad you are as an individual or as a worker. Just as you are in a capitalist state. The regime, and it's political definition, is all that changes.In what field? That matters. When I was younger working fast food, there was little to no recognition for hard work. But in other fields, managers recognize hard work and should reward you for them. If not, quit and work somewhere else for more. But if the State/federal government begins to run business, (i.e. recent bailout plan), that state can just say, "Anyone who is a cook will make $8 an hour, anyone who is a garbage man will make $6, anyone who is a dentist will make $10," regardless of how good you are as an individual. Where's the incentive to try harder?
Obviously this is a very simplified example, but the idea is the same.
Obviously this is a very simplified example, but the idea is the same.