3 ms·
Inequality is an unavoidable consequence of economic growth. Economic growth always destroys incumbent industries and benefits new upstarts. It is up to gover
by api_or_ipa 10y ago
Inequality is an unavoidable consequence of economic growth. Economic growth always destroys incumbent industries and benefits new upstarts. It is up to government to provide a set of transfers that allows a more equal distribution of the gains and loses from economic growth.
https://en.wikipedia.org/wiki/Creative_destruction https://en.wikipedia.org/wiki/Creative_destruction