By William Watson
US President Barack Obama has known as fiscal inequality the “defining factor of our time.” It has encouraged the “Occupy” hobbies, made a French economist right into a international star, and given us a brand new expression – the “one percent.” yet is our preoccupation with inequality rather justified? Or wise?
In his new booklet, William Watson argues that targeting inequality is either an blunders and a capture. it's an mistakes simply because a lot inequality is “good,” the present for thrift, undefined, and invention. it's a seize since it leads us to fixate at the most sensible finish of the source of revenue distribution, instead of on these on the backside who need assistance such a lot. in reality, if we reply to growing to be inequality by way of combating capitalism instead of poverty, we may result either poorer and not more equal.
Explaining the complexities of recent economics in a transparent, available type, The Inequality Trap is the must-read rejoinder to the concept that struggling with inequality can be our best coverage priority.