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I'd argue that wealth disparity is good if we can lift the entire stratum upwards. We have been doing exactly that since the industrial age. Life of the poorest

I'd argue that wealth disparity is good if we can lift the entire stratum upwards. We have been doing exactly that since the industrial age. Life of the poorest has gotten better. Worth visiting this debate at Yale: https://www.youtube.com/watch?v=3RITVJy7ogI https://www.youtube.com/watch?v=3RITVJy7ogI Inequality is overplayed and oversold to people who conflate crony capitalism to capitalism. The kinds of Thomas Piketty has done a tremendous amount of disservice to the west which hailed capitalism for over 2 centuries, unfortunately, USA + EU are regressing into socialism.

tyrrvk 4y ago
Yeah, I'm not going to base the idea that "inequality is OK" by someone from the federalist society. That's like asking an arsonist if fire is good. I'd argue that the lower class has lost upward mobility in this country in the last 40-60 years. Sure, cheap crap can be purchased from walmart - but that's just subsidized crap. China has been lifting their lower classes up - yes, but at our expense.