Trickle Down Effect: Cruel Joke or Inevitable Truth

There is no doubt in my mind that economic reforms have accelerated India's progress and absolute poverty as I have witnessed in my childhood seems to be absent and is at least not visible on the streets and bustees of urban and rural India. The socialist model where all are forcibly labelled as equals and wealth is forcibly redistributed seems logical but has failed miserably. The main reason I guess is that when creators of wealth are forcibly made to give up most of their earnings to the state for redistribution to the poor and jobless, they lose their drive to create wealth. On the flip side if the jobless are given doles which are enough to live in decent comfort without work they will be happy to live a life of mediocrity without striving to improve their condition. Markets by their nature, especially free markets dealing with private goods, inevitably lead to an equilibrium of supply and demand and this leads to a fair price and the usual double thank you moment...