September 19, 2007
Krugman BlogsEzra Klein fondly calls it a Krog.
Anyway, Krugman calls it Conscience of a Liberal, after his book of the same name.
In his maiden post, Krugman takes up the issue of inequality:
Most people assume that this rise in inequality was the result of impersonal forces, like technological change and globalization. But the great reduction of inequality that created middle-class America between 1935 and 1945 was driven by political change; I believe that politics has also played an important role in rising inequality since the 1970s. It’s important to know that no other advanced economy has seen a comparable surge in inequality – even the rising inequality of Thatcherite Britain was a faint echo of trends here.The charts shows current income disparity approaching pre-Depression heights with no signs of abating.
When a conservative tells you that the economy is going great and is buoying our collective boat, tell him this chart clearly shows not all of us are in that boat.
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