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Archive of posts published in the tag: Inequlity

The Great Enrichment

from the Cato Policy Report, Deirdre McCloskey writes How Piketty Misses the Point: What caused the Great Enrichment? It cannot be explained by the accumulation of capital, as the very name “capitalism” implies. Our riches were not made by piling…

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Downton Abbey America

Indeed as the Yeomanry have struggled, the lower parts of the economic spectrum have expanded. In the five years following the Great Recession, the percentage of people living in poverty rose to 15 percent, the highest level in 20 years,…

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