How much inequality?

Michael Roberts Blog

“Some inequality of income and wealth is inevitable, if not necessary. If an economy is to function well, people need incentives to work hard and innovate….The pertinent question is not whether income and wealth inequality is good or bad. It is at what point do these inequalities become so great as to pose a serious threat to our economy, our ideal of equal opportunity and our democracy.” 

So says Robert Reich in his latest post from his blog ( Reich is a ‘progressive’. He is a ‘left’ Democrat that has railed against the apologetics and greed politics of the Republicans and the extreme bigotry of the Tea party faction. He was in Clinton’s cabinet as Labor Secretary and he wrote a book, After Shock, arguing that inequality was the cause of crises in capitalism – see my post

Now he is telling us that an ‘economy’ needs some inequality…

Ver la entrada original 1.490 palabras más


Introduce tus datos o haz clic en un icono para iniciar sesión:

Logo de

Estás comentando usando tu cuenta de Cerrar sesión /  Cambiar )

Google photo

Estás comentando usando tu cuenta de Google. Cerrar sesión /  Cambiar )

Imagen de Twitter

Estás comentando usando tu cuenta de Twitter. Cerrar sesión /  Cambiar )

Foto de Facebook

Estás comentando usando tu cuenta de Facebook. Cerrar sesión /  Cambiar )

Conectando a %s