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":13721,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/05\/21\/is-the-market-over-priced\/","url_meta":{"origin":9914,"position":5},"title":"Is the market over-priced?","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 "Market Insights"","block_context":{"text":"Market Insights","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/market-insights\/"},"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":[]}],"_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}]}}