Will America’s Inequality Crisis Be Solved Through Redistribution Or Revolution?

Added: 12.01.2018 6:28 | 3 views | 0 comments

Source: www.onenewspage.com
Source: www.onenewspage.com

Article by WN.Com Correspondent Dallas Darling. “For the past four decades,” wrote Peter Georgescu, “American capitalism has been slowly committing suicide.”1 He also warned history has a habit of repeating itself. This is especially true in economic systems which increasingly concentrates wealth within the pockets of a smaller and smaller percentage of the of the population – those who demand and get a disproportionately large share of the profit, rather than those who do the work that creates it. As a result, when income inequality crisis gets too severe it solves itself in one of two ways: Either society redistributes through taxation and more equal opportunities, or poverty gets...

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