"...it is one thing to cite data that shows the irrefutable trend of income and wealth concentration; it is another to explain how and why that concentration has occurred and who is responsible for it..."
I've got the explanation right here: "Microfoundations of Inequality and Sabotage" http://econospeak.blogspot.com/2014/05/microfoundations-of-inequality-and.html On Tue, May 13, 2014 at 1:31 PM, Louis Proyect <[email protected]> wrote: > Saez, Picketty and a few others have contributed significantly to the > analysis of the role of the tax system changes in recent years and > decades to the growing income inequality trends in the US. Their work > should be commended. Krugman and other notable liberal economists have > publicized their work, especially of late. But none of them have focused > in any significant detail on the fundamental origins of income > inequality—i.e. in the process of production, in the growth of credit, > debt, and speculative finance, or how the working class is not only no > longer sharing in the income generation but is increasingly having to > give back income it previously earned to the forces of Capital as well. > > full: http://www.counterpunch.org/2014/05/13/the-origins-of-inequity/ > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > -- Cheers, Tom Walker (Sandwichman)
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