PMMJ (cheetahmaster) wrote,
PMMJ
cheetahmaster

winning a battle in the long war

"Think about that. It's remarkable that we're even asking 'Does high inequality hurt growth?' Hurt it! This shift in our default assumption represents huge progress. After all, if the answer is yes, it's one more reason to favor policies that reduce inequality. But even if the answer is no, all it means is that growth is independent of inequality. There are really no arguments left that are actively on the side of high inequality aside from simpleminded libertarian fantasies that economic capitalism is neutral by definition, and therefore everyone automatically gets what they deserve."
-Kevin Drum

Tags: 2013, news, quotes
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