3 ms·
Inequality as some level of uneven distribution is not a problem iff that distribution keeps the lowest percentile above poverty. In the real world this doesn't
by dv_dt 6y ago
Inequality as some level of uneven distribution is not a problem iff that distribution keeps the lowest percentile above poverty. In the real world this doesn't happen, because not only is the distribution not bounded for minimal fairness, it has been shifting by those who have capital to further push value upwards - so it's a problem that never self corrects.
Imho Cowen makes obscure arguments to inequality not being a problem because he is paid from the Koch empire (for at least a significant portion of his career w/ George Mason University) which has put in significant resources into developing multiple Economic arguments their their wealth and influence are not a problem.