I recently read an interesting article from “The Economist” about a rising concern over income inequality in the US. In general the people you assume are most concerned with inequality are in the lower income brackets; after all, there is still that saying “the rich get richer and the poor get poorer.” Most people know that (according to Marx) the next step in economic growth is for the proletariat to rise up against inequality and create a communist system through revolution.
What makes the article I read interesting is that the writer does not believe that any legislative or revolutionary change will come from people with lower incomes. To some extent there is a sense of inevitability and resignation in lower income brackets, something that does not lend its self toward change.
Instead the writer believes that people from the upper middle class and lower upper class will begin to create change. Such people are frustrated with the idea that a person with the same qualifications can make millions each year, while their own incomes have leveled off at one million a year or less.
It’s an interesting idea.
I will reserve my comments on income inequality for another time.
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yeah... Economic change will come from one source only... Economic collapse. Wherther it is brought about through acts of terror, natural fluxuations in the stock market, oil-famine... I relly think that's the only way we will see any dramatic change in economics.
"We are predestined to determine our own destiny... Elit Druin."