« on: Fri, 03 March 2017, 20:54:40 »
« Last Edit: Wed, 15 March 2017, 17:00:08 by fohat.digs »
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But what’s wrong with inequality, anyway? Answers to this question are rarely satisfying, but they do serve as a political litmus test about the kind of inequality that matters. A Marxist might concern herself with how economic inequality divides society into classes, allowing capitalists to wield wealth as a weapon, disempower workers, and extract their labor. The humanitarian position tends to prioritize sufficiency of resources and basic rights; feminists, environmentalists, and advocates for the undocumented, the disabled, and minorities would say social inequalities matter, too, and that part of the problem with economic inequality is that it reinforces them.
New research has shown us that economic, social, racial, and gender inequality are inextricably linked—and that the effect of high inequality is to create even more inequality. Many other economists have shown that high levels of inequality hurt democracy because, among other things, they allow rich people and corporations to buy the support of politicians.
- Atossa Araxia Abrahamian 2018
