by Summary:
Inequality constricts growth by: Obstructing the supply of people and ideas into our economy and limiting opportunity for those not already at the top, which slows productivity growth over time Subverting the institutions that manage the market, making our political system ineffective and our labor markets dysfunctional Distorting demand through its effects on consumption and investment, which both drags down and destabilizes short- and long-term growth in economic output Capitalism produces inequality, and inequality undermines the foundation of capitalism. "Internal contradiction" that leads to social, political and economic transformation through the operation of the historical dialectic, to go all Marx on it. WCEG — The EquitablogUnbound: How Inequality Constricts Our Economy
Topics:
Mike Norman considers the following as important: capitalism, inequality, internal contradictions
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Inequality constricts growth by: Inequality constricts growth by: Obstructing the supply of people and ideas into our economy and limiting opportunity for those not already at the top, which slows productivity growth over time Subverting the institutions that manage the market, making our political system ineffective and our labor markets dysfunctional Distorting demand through its effects on consumption and investment, which both drags down and destabilizes short- and long-term growth in economic output Capitalism produces inequality, and inequality undermines the foundation of capitalism. "Internal contradiction" that leads to social, political and economic transformation through the operation of the historical dialectic, to go all Marx on it. WCEG — The EquitablogUnbound: How Inequality Constricts Our Economy
Topics:
Mike Norman considers the following as important: capitalism, inequality, internal contradictions
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- Obstructing the supply of people and ideas into our economy and limiting opportunity for those not already at the top, which slows productivity growth over time
- Subverting the institutions that manage the market, making our political system ineffective and our labor markets dysfunctional
- Distorting demand through its effects on consumption and investment, which both drags down and destabilizes short- and long-term growth in economic output
Capitalism produces inequality, and inequality undermines the foundation of capitalism. "Internal contradiction" that leads to social, political and economic transformation through the operation of the historical dialectic, to go all Marx on it.
WCEG — The Equitablog
Unbound: How Inequality Constricts Our Economy
Unbound: How Inequality Constricts Our Economy
Heather Boushey, California Future of Work Commission