In the future, complaints about income inequality are likely to grow and conservatives and libertarians won’t have all the answers. Nonetheless, higher income inequality will increase the appeal of traditional mores — of discipline and hard work — because they bolster one’s chances of advancing economically. That means more people and especially more parents will yearn for a tough, pro-discipline and pro-wealth cultural revolution. And so they should.
Sunday, November 13, 2011
Tyler Cowen in this morning's NYT: The problem isn't that we have poor people, it's that people aren't poor enough. All we need to do is increase inequality to get people working a bit harder.
Posted by Jack at 12:57 PM