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Posts Tagged ‘Inequality’

Elites focus on inequality; real people just want growth

May 6th, 2014

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The economic debate is now sharply focused on the issue of income inequality. That may not be the debate Democrats want to have, however. It’s negative and divisive. Democrats would be better off talking about growth — a hopeful and unifying agenda.

Democrats believe income inequality is a populist cause. But it may be less of a populist issue than an issue promoted by the cultural elite: well-educated professionals who are economically comfortable but not rich. There’s new evidence that ordinary voters care more about growth.

Growth and inequality are not separate issues. Nobel Prize-winning economist Joseph E. Stiglitz wrote, “Politicians typically talk about rising inequality and the sluggish recovery as separate phenomena when they are in fact intertwined.  Inequality restrains and holds back our economic growth

The question is whether Democrats want to talk about punitive and confiscatory policies aimed at curbing the power of the wealthy and special interests or an agenda aimed at growing the economy for everyone.

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Fighting Discrimination, As Inequality Grows

August 28th, 2013

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I grew up in the segregated South. I tell students the story of how, as a young boy, I went with my mother to Bloomberg’s Department Store on High Street in Portsmouth, Virginia. There was a stack of doilies on the ladies’ hat counter and I asked my mother what they were for. She explained that a black woman had to put a doily on her head before trying on a hat, because a white woman would not purchase a hat that had been on a black woman’s head.

My students think I am making all this up. They refuse to believe such things were true. It is too absurd, they insist.

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