From Taking on Krugman:
The maldistribution of income isn't a cause of whats wrong today...........its a RESULT!! Everything we have done the last 30-40 years is whats wrong and this wide disparity is the evidence at the end of it all (and I do think its the end, not to be too apocalyptic).
Good post, Greg!
1 comment:
Thanks Art
Additionally, doing what we've always done can only continue to make it worse, since its what we've been doing that has brought us here.
We cannot have a strong middle class without an INTENTION to have a strong middle class. It doesn't happen naturally. There is no equilibrium where a middle class arises. Govt/corporate policies are the only thing which can create a middle class.
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