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> There is no conclusive evidence that rising inequality will have bad consequences on say growth - it might. I agree that there is probably more research to b
by glesica 13y ago
> There is no conclusive evidence that rising inequality will have bad consequences on say growth - it might.
I agree that there is probably more research to be done, but I think it is important not to forget about the social and political implications of inequality. Those pre-world war inequality levels also coincided with less representative governments and more socially stratified societies, both widely viewed as being "bad" things.
- microcolonel 13y agoOf course, if the government can't be malicious on behalf of malicious people, then a less representative government could be a good thing for those with lesser means.
- glesica 13y agoThat's an excellent point. I wish I could think of an alternative that would be an improvement, though. The "benevolent, incorruptible dictator" is kind of a cliche in the political science world I think.