Wall Street Analysts: High Inequality Makes Us Vulnerable to Crashes. The authors argue that while some inequality may be desirable in a market economy — it spurs entrepreneurship and innovation — when those at the top take too large a share of a nation’s output, they tend to bank it rather than spend it. This ultimately hurts consumer demand and slows down economic growth. They also note that “higher levels of income inequality increase political pressures, discouraging trade, investment, and hiring.” billmoyers/2014/08/07/wall-street-analysts-high-inequality-makes-us-vulnerable-to-crashes/
Posted on: Thu, 14 Aug 2014 18:10:01 +0000
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