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If you're looking at banking regulation for causes for inequality, you're looking at the wrong place. The article pointed out the gulf widened at the 1980s. Th
by calyth2018 8y ago
If you're looking at banking regulation for causes for inequality, you're looking at the wrong place.
The article pointed out the gulf widened at the 1980s. That should be more than enough hints as to how to fix it.
There's no political will though.
- swagasaurus-rex 8y agoI'm not sharp enough to take the hint. What is the proper way to fix it?
- Frondo 8y agoUnions.
- prolikewh0a 8y agoUnions [1]. [1] https://www.epi.org/news/union-membership-declines-inequality-rises/ https://www.epi.org/news/union-membership-declines-inequalit...
- calyth2018 8y agoLabour losing their power is one of them. Trickle down "economics", slashing the income tax of the top bracket drastically would be another one.
- hippich 8y agowhat happened in 1980s?
- ddebernardy 8y agoNeoliberalism and supply side economics got tried out in the UK (Thatcher) and the US (Reagan).
- splintercell 8y agoThe political party I don't like got elected and remained in power.
- ionised 8y agoPoliticians started to suck on the teat of Hayek and Friedman, to disastrous results for all but the already wealthy.
- cm2187 8y agoAgree on bank regulations but central banks still have their fair share of responsibility through QE. But agree, there are probably other reasons, starting with outsourcing to china, automation, under supply of highly skilled workforce, etc.
- winstonewert 8y agoIncome inequality in the USA has been increasing since the 1970's so whatever theory you have that explains the increase starting in the 1980's is simply incorrect.
- deleted 8y ago[deleted]