Monday, July 14, 2014

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.”
Comment
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.

2 Comments:

Blogger Robert Gillette said...

Robert Reich was Secretary of Labor under Clinton and is now a professor at Berkeley.

1:14 pm  
Blogger Gavin Kennedy said...

ROBERT
THANK YOU FOR YOUR INFORMATION ABOUT ROBERT REICH.
HIS YOU-TUBE TALK WAS PRESENTED IN EXCELLENT STYLE.
GAVIN

1:25 pm  

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