INEQUALITY AND POVERTY
“The Politics and Economics of Inequality”
The Aspen Institute HERE 30 June.
“Some inequality of income and wealth is inevitable, if not necessary. If an economy is to function well, people need incentives to work hard and innovate. The pertinent question is not whether income and wealth inequality is good or bad. It is at what point do these inequalities become so great as to pose a serious threat to our economy, our ideal of equal opportunity and our democracy. Professor Robert Reich examines what's happened to income and wealth in this country, why it's a problem, and what we can expect in future years.”
Interesting observations from Robert Reich (“Who’s He?’ - “I don’t know”). Watch him on You Tube.
Tends to confirm my oft stated stance ( and I suggest it was Adam Smith’s stance too) that addressing the problems of poverty is more important than focussing on inequality.