Monday, October 22, 2012

Chrystia Freeland: The Problem of Plutocrats: What a 19th-Century Economist Can Teach Us About Today's Capitalism

Chrystia Freeland: The Problem of Plutocrats: What a 19th-Century Economist Can Teach Us About Today's Capitalism:

"America today urgently needs a 21st century Henry George -- a thinker who embraces the wealth-creating power of capitalism, but squarely faces the inequity of its current manifestation. That kind of thinking is missing on the right, which is still relying on Reagan-era trickle-down economics and hopes complaints about income inequality can be silenced with accusations of class war. But the left isn't doing much better either, preferring nostalgia for the high-wage, medium-skill manufacturing jobs of the post-war era and China-bashing to a serious and original effort to figure out how to make 21st century capitalism work for the middle class."


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