Must-Read: Miles Corak: Inequality: A Fact, an Interpretation, and a Policy Recommendation
Must-Read: That Miles Corak describes the three aspects of rising-inequality denial as “a common storyline” is a measure of how completely divorced from reality even so-called policy professionals in the right-of-center echo chamber have become. Sensible technocratic dialogue is thus going to remain very, very difficult for quite a while to come…
Inequality: A Fact, an Interpretation, and a Policy Recommendation: “A common storyline…. Inequality has not increased…:
…even if it has… little… can be done… and even if… policy has punch, the effort… diverts attention from more pressing problems, like poverty…. [But we can] address both inequality and poverty in a smart way…. A more nuanced interpretation… give[s]… another storyline…. Inequality has increased; there is something that can be done about it; and if public policy has punch, the effort directed to fighting inequality contributes to solving other pressing problems, like poverty.