There was an interesting article in the Jan 15, 2014 issue of the Wall Street Journal, by Wm. A. Galston entitled "Where right and Left Agree on Inequality. I read the news pages of WSJ, but I usually don't bother with the editorial section. Whereas the news pages still contain useful information about the price and availability of strategic things like oil, corn, and copper, the editorial section is generally a wellspring of pompous, ultra-right-wing nonsense---a sort of "Fox News for the materially blessed." When you do find something worth reading there, it is usually a guest opinion by some famous person responding to some outrage which WSJ printed a few days before. But every once and a while, a article appears there that actually makes sense.
Whether you consider yourself, left-wing, right-wing, or something else, you should read this brief article, if you are concerned about inequality. If you are not concerned about inequality, then you are an idiot, because besides being a moral outrage, inequality is bad for business. The World Bank now says that the principle reason for the sluggish recovery is inequality. Put simply, sales are slow because though there is a lot of cash in the economy, the people who need to buy anything are not the people who have any of it.
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