Bad Government Policy Has Created the Worst Inequality On Record … And It’s Destroying Our Economy
September 26, 2013
It’s Not an Accident … It’s Policy
America is experiencing unprecedented inequality. And a who’s who of prominent economists (and investors) say that inequality is hurting the economy.
Defenders of the status quo pretend that this inequality is something outside of our control … like a force of nature. They argue that it’s due to technological innovation or something else outside of policy-makers’ control.
In reality, inequality is rising due to bad policy.
Nobel prize winning economist Joe Stiglitz said this month:
Inequality is not inevitable. It is not … like the weather, something that just happens to us. It is not the result of the laws of nature or the laws of economics. Rather, it is something that we create, by our policies, by what we do.
We created this inequality—chose it, really—with [bad] laws …