Max Sawicky wrote: > Interesting to see this coming from him. > http://www.project-syndicate.org/commentary/rogoff77/English
Rogoff writes: >The causes of growing inequality within countries are well understood, and it >is not necessary to belabor them here. We live in an era in which >globalization expands the market for ultra-talented individuals but competes >away the income of ordinary employees .Competition among countries for skilled >individuals and profitable industries, in turn, constrains governments’ >abilities to maintain high tax rates on the wealthy. Social mobility is >further impeded as the rich shower their children with private education and >after-school help, while the poorest in many countries cannot afford even to >let their children stay in school.< It's quite bizarre that he forgets the way in which globalization enhances the incomes of those owning financial assets. -- Jim Devine / "Living a life of quiet desperation -- but always with style!" _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
