Sunday, October 14, 2012

Seeds of Destruction

Chrystia Freeland argues that as people start to accumulate wealth, they seek to protect their own position and transform an inclusive society of economic mobility into an extractive one where elites try to get as much as they can out of the rest of society.  She reiterates a point made by Stiglitz that growing inequality has led to lower mobility.  The super rich are confusing their own interests with the common good.

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