Re: Re: What is going on?

[Brad DeLong]

>Although this thread began with some early taunts and flames, I think it is
>helping to shape out a picture of what growth means.  I have not seen any
>professional academic journal article -- probably due to my own ignorance --
>that describes how growth affects difference classes and sub-classes.  Lenin's
>The Development of Capitalism in Russia is not bad in this respect.
>
>Brad typically relies on averages.  I have challenged him numerous times on
>this.
>
>[I do not think that his beliefs qualify him as a doctrinaire ideologue of
>laissez-faire, as some of you have alleged.]
>
>Rapid growth seems to be associated, in most cases, with deteriorating
>conditions for the lowest quintile

Brazil yes, Chile yes, Japan no, South Korea no, Taiwan no, Malaysia 
no, Thailand no, Hong Kong no, Singapore no, Italy no, Botswana no, 
China no, India maybe.

That's 10-2-1. 2 is hardly "most"...