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FEB 24, 2013 - Zero Hedge

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Insane Levels of Inequality – Which Hurt the Economy – Are Skyrocketing

Preface: All capitalist systems have some inequality.  We don’t want to prevent all inequality … just economy-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. Inequality - Which Hurts the Economy - Is Skyrocketing A who’s-who’s of prominent economists in government and ... Read More

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