Thursday, April 8, 2010

Inequality is bad for development

Yesterday evening I went to a seminar with Richard Wilkinson, who, together with Kate Picket, has written the book: The Spirit Level: Why Equality is Better for Everyone.

For me the conclusions were hardly revolutionary, that inequality is not only morally unjust but also leads to more problems in society was something I thought all along. They prove it fairly well. The also show that econimic growth above a certain limit doesn't really contribute to our well being. Also that point is not entirely new,many has made the same case before. I add some graphs that might speak for themsleves.

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