?

Log in

   Journal    Friends    Archive    Profile    Memories
 

After the Storm: The Instability of Inequality | Truthout - Harp of Hyperion

Oct. 15th, 2011 02:02 pm After the Storm: The Instability of Inequality | Truthout

Key Quote:  "To stabilize market-oriented economies requires a return to the right balance between markets and provision of public goods. That means moving away from both the Anglo-Saxon model of unregulated markets and the continental European model of deficit-driven welfare states. ...

Any economic model that does not properly address inequality will eventually face a crisis of legitimacy. Unless the relative economic roles of the market and the state are rebalanced, the protests of 2011 will become more severe, with social and political instability eventually harming long-term economic growth and welfare."

After the Storm: The Instability of Inequality | Truthout


Leave a commentPrevious Entry Share Next Entry