Wednesday, December 4, 2013


From Taking on Krugman:
The maldistribution of income isn't a cause of whats wrong today...........its a RESULT!! Everything we have done the last 30-40 years is whats wrong and this wide disparity is the evidence at the end of it all (and I do think its the end, not to be too apocalyptic).

Good post, Greg!

1 comment:

Greg said...

Thanks Art

Additionally, doing what we've always done can only continue to make it worse, since its what we've been doing that has brought us here.

We cannot have a strong middle class without an INTENTION to have a strong middle class. It doesn't happen naturally. There is no equilibrium where a middle class arises. Govt/corporate policies are the only thing which can create a middle class.