- Evidence is mounting that rising inequality is producing negative economic effects.
- These effects range from producing insufficient demand, financial instability, a decline in societal cohesion, trust and upward mobility.
- Those who are worried by these developments are not necessarily motivated by envy, nor do they want to abolish capitalism.
- What is necessary is a dispassionate cost-benefit analysis of the rise in inequality, which is what we’ll try below.
Envy Has Got Nothing To Do With It
November 26th, 2014 · No Comments