The problem of inequality is really two problems. First, there’s the lopsided distribution of wealth: Whether you look at income or assets, the rich, at least in America, are comparatively richer than they’ve been in decades while the middle and working classes are losing ground.
Then there’s inequality of opportunity. Access to the engines of wealth creation is itself distributed unequally, producing socioeconomic mobility that’s lower in the U.S. than in other developed nations, and getting worse.
718 total views, 3 views today