The unequal sense of it all
Income inequality is the elephant in the room. No, scratch that, it’s the entire herd. The rich keep grazing on returns that grow faster than the economy itself, while the rest of us fight over scraps. The rules of society start bending in ways that nobody admits out loud. As Piketty has shown, capital accumulates faster than wages. It creates a feedback loop that is brutally efficient at concentrating wealth at the top. ...