Good article from a conservative viewpoint in National Affairs. The tone can be conveyed by this, Clearly, then, America is neither an oligarch's paradise nor a seething cauldron of class resentment. It is just better for oligarchs than it was and getting better all the time; and the cauldron of resentment between the 99% and the 1% is at least simmering hot enough to draw conservative reframings and rebuttals. Looking at the authors' graph of income inequality over time,you have to ask if the Great Society programs did work after all and whether the rise in income inequality thereafter is a result of the Reagan/Thatcher viewpoint so prevalent even now. The cause of income inequality is unregulated global capitalism?
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March 28, 2012
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