Preface: All capitalist systems have some inequality. We don’t want to prevent all inequality … justeconomy-wrecking levels:
Lawrence Katz, a Harvard economist, adds that some inequality is necessary to create incentives in a capitalist economy but that “too much inequality can harm the efficient operation of the economy.”
And you might assume that conservatives don’t worry about rampant inequality … but that is a myth.
Rampant Inequality – Which Hurts the Economy – Is Skyrocketing
A who’s-who’s of prominent economists in government and academia have all said that runaway inequality can cause financial crises.
Extreme inequality helped cause the Great Depression, the current financial crisis … and the fall of the Roman Empire.
But inequality in America today is actually twice as bad as in ancient Rome , worse than it was in inTsarist Russia, Gilded Age America, modern Egypt, Tunisia or Yemen, many banana republics in Latin America, and worse than experienced by slaves in 1774 colonial America.
Inequality has grown steadily worse:
Read more at :-
http://www.washingtonsblog.com/2013/02/economic-leaders-pay-lip-service-to-decreasing-inequality-while-pushing-policies-which-increase-it.html
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