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Educational inequality: Job guarantee would close the divide — David Joy

Summary:
A liberal democracy depends on equal rights and equal opportunity, not equal outcomes. Without equal rights being enforced and equal opportunity guaranteed, outcomes are likely to be biased by asymmetries, especially power.I would say that the title should read "narrow" rather than "close." The JG is not a panacea. But in a capitalist monetary production economy it is a sine qua non for addressing asymmetry affecting markets. However, comprehensive change requires social, political and economic reforms to restructure a loaded game.A lot of the problem arises from institutional arrangements and cultural prejudices, in particular class structure resulting in a double standard. Economic equality is a consequence of these issues also.Independent AustraliaEducational inequality: Job guarantee

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A liberal democracy depends on equal rights and equal opportunity, not equal outcomes. Without equal rights being enforced and equal opportunity guaranteed, outcomes are likely to be biased by asymmetries, especially power.

I would say that the title should read "narrow" rather than "close." The JG is not a panacea. But in a capitalist monetary production economy it is a sine qua non for addressing asymmetry affecting markets. 

However, comprehensive change requires social, political and economic reforms to restructure a loaded game.

A lot of the problem arises from institutional arrangements and cultural prejudices, in particular class structure resulting in a double standard. Economic equality is a consequence of these issues also.

Independent Australia
Educational inequality: Job guarantee would close the divide

David Joy
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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