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One way to deal with income inequality is to shrug your shoulders and pretend it's okay - "let them drink latte" - which is what this guy is recommending. Ano
by DanI-S 13y ago
One way to deal with income inequality is to shrug your shoulders and pretend it's okay - "let them drink latte" - which is what this guy is recommending.
Another way is to claw back some of the financial regulation that once protected America's middle class from the full force of market instability. Take a look at this chart comparing income inequality and bank failures over the previous century:
http://www.tobinproject.org/sites/tobinproject.org/files/assets/BankFailures_ChartwithComments_Moss.pdf http://www.tobinproject.org/sites/tobinproject.org/files/ass...
There's not some magic force of technology driving growing inequality. In fact, even in this writer's argument, technological aptitude provides one of the only routes out of the lower classes. Inequality is growing because of financial deregulation since the 1980s.