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I posted the article here and I find that many comments are missing the point. Catherine Rampell writes that the exponential growth of the global wealth for the
by pointillistic 16y ago
I posted the article here and I find that many comments are missing the point. Catherine Rampell writes that the exponential growth of the global wealth for the super-rich oligarchy, especially in the last decades made the comparison with them so much more difficult. This all at the backdrop of the devastating recession that thrown many productive people into the object poverty. I might add that the media and the internet is full of the ubiquitous stories about the super-rich so they are at the same time everyone's neighbor and no ones neighbor.
- CWuestefeld 16y agoThat makes a nice, pandering story, but it's really a very very complex. There's some truth in the idea that the rich get richer, faster than the rest of us. But today, in a practical sense, what does it mean for someone to have much more money than I do? And what causes it? It's certainly not that some plutocracy is holding our heads below water, as much some people like to paint that picture. I'd encourage you to read this article, which has a pretty insightful analysis of where this inequality originates, and why: http://www.the-american-interest.com/article-bd.cfm?piece=907 http://www.the-american-interest.com/article-bd.cfm?piece=90...