Thursday, 28 April 2022

Out-of-focus on inequality


“People who focus on inequality often seem to forget a historical fact: market economies have allowed a great many people to get rich and to get out of poverty. This effect is unprecedented in history. ... The speed at which the market economy allows sections of humanity to get us out of poverty should make us marvel."
~ French economic journalist Jean-Philippe Delsol, from his essay 'The Great Process of Equalization of Conditions' collected in the Anti-Piketty: Capital for the 21st Century, pp5-6 [readers of The Anti-Piketty, says this review/summary, will be innoculated against Piketty’s ill-considered analysis and policies]

 

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