Policy, not capitalism, is to blame for the income divide – FT.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"James Galbraith describes the research on inequality over the last two decades at the University of Texas Inequality Project: Since 2000, inequality has declined in the post-neoliberal countries of South America, and we believe it has been falling since 2008 in China. There, ever more comprehensive urbanisation plays a major role. In Europe and the … <\/p>\n
Continue reading “Policy, not capitalism, is to blame for the income divide | FT”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[41,5,34],"tags":[1380,1826,3550],"class_list":["post-9914","post","type-post","status-publish","format-standard","hentry","category-china-hk","category-economy","category-us-canada-countries-regions","tag-financial-crisis","tag-inequality","tag-urbanization"],"yoast_head":"\nPolicy, not capitalism, is to blame for the income divide | FT - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Policy, not capitalism, is to blame for the income divide | FT - the patient investor\" \/>\n<meta property=\"og:description\" content=\"James Galbraith describes the research on inequality over the last two decades at the University of Texas Inequality Project: Since 2000, inequality has declined in the post-neoliberal countries of South America, and we believe it has been falling since 2008 in China. 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It is a widely held view that pervades almost the entire academic economics establishment. Nobel prize-winning economist Joseph Stiglitz has been pushing such an idea for some time (along with Paul\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8007,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/07\/04\/whats-wrong-with-inequality\/","url_meta":{"origin":9914,"position":1},"title":"What’s wrong with inequality?","author":"ColinTwiggs","date":"July 4, 2013","format":false,"excerpt":"Robert Douglas summarizes the argument against inequality presented by Andrew Leigh, economist and (Labour) parliamentarian, in his book Battlers and Billionaires: Leigh sees inequality as a socially corrosive force undermining the egalitarian spirit that has been one of the positive defining characteristics of Australian society. He argues that unequal wealth\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10830,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/09\/07\/democracy-in-the-twenty-first-century-by-joseph-e-stiglitz-project-syndicate\/","url_meta":{"origin":9914,"position":2},"title":"Democracy in the Twenty-First Century by Joseph E. Stiglitz – Project Syndicate","author":"ColinTwiggs","date":"September 7, 2014","format":false,"excerpt":"From Joseph Stiglitz: What we have been observing \u2013 wage stagnation and rising inequality, even as wealth increases \u2013 does not reflect the workings of a normal market economy, but of what I call \u201cersatz capitalism.\u201d The problem may not be with how markets should or do work, but with\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10062,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/06\/22\/the-inequality-debate-richard-epstein\/","url_meta":{"origin":9914,"position":3},"title":"The inequality debate | Richard Epstein","author":"ColinTwiggs","date":"June 22, 2014","format":false,"excerpt":"Professor Richard Epstein on the inequality debate and related issues in the US. http:\/\/vimeo.com\/98678656","rel":"","context":"In "Taxes & Inequality"","block_context":{"text":"Taxes & Inequality","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/taxes-inequality\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9845,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/05\/21\/is-the-market-overpriced-episode-v\/","url_meta":{"origin":9914,"position":4},"title":"Is the market overpriced? Episode V","author":"ColinTwiggs","date":"May 21, 2014","format":false,"excerpt":"In my last post I concluded that the same factors driving rising inequality \u2014 new technologies and access to cheap labor through increased globalization \u2014 may also be driving a sustainable increase in corporate profits. While we may be understandably wary of \"this time is different\", consider the following: The\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"US Imports from China","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-05-22-china-imports.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-05-22-china-imports.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-05-22-china-imports.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":10939,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/09\/21\/amir-sufi-who-is-the-economy-working-for-the-impact-of-rising-inequality-on-the-american-economy\/","url_meta":{"origin":9914,"position":5},"title":"Amir Sufi: Who is the Economy Working For? The Impact of Rising Inequality on the American Economy","author":"ColinTwiggs","date":"September 21, 2014","format":false,"excerpt":"Amir Sufi, professor of Finance at the University of Chicago, testified before the U.S. Senate Committee on Banking, Housing and Urban Affairs Subcommittee on Economic Policy. His statement titled \u201cWho is the Economy Working For? The Impact of Rising Inequality on the American Economy\u201d makes interesting reading. \"Only 76% of\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Credit and Disposable Income","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-09-22-credit-income.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-09-22-credit-income.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-09-22-credit-income.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/9914","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=9914"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/9914\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=9914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=9914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=9914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}