Reasonable Economics
A really great article by Jake Romero (a student at Portland State), ‘The Trouble with Principles, or, How Not to Lose Friends & Alienate People When Learning Economics.’
‘Free market’ reforms generally improve aggregate outcomes while increasing inequality, so that poverty increases even as overall wealth does. Basic economic analysis treats distribution as a secondary concern—it assumes that once the market maximizes benefits in the aggregate, the political system can ensure that they’ll be redistributed in an equitable way. But as we’ve been learning all too well, with greater wealth comes greater control over the political system.
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