to isolate yourself, as communist countries did in the twentieth century. Louis Brandeis said "We may have democracy, or we may have wealth concentrated in the hands of a few, but we can't have both." That sounds plausible. If there are more engineers, then there are more opportunities to hire them and to sell them things. The Federal Reserve chairman, Alan Greenspan, spoke of a New Economy marked by continued productivity gains as the Internet buried the old ways of doing business. But the consequences for many families would become apparent within a few years, when interest rates rose and mortgages proved impossible to repay. I don't think many people realize there is a connection between economic inequality and risk. We don't need to prevent people from being rich if we can prevent wealth from translating into power. One reason is that variation in productivity is accelerating. Taking money from the rich turns out to have consequences one might not foresee when one phrases the same idea in terms of "reducing inequality.".
Economic, inequality - Paul Graham
Inequality and Risk - Paul Graham
A Primer on Neoliberalism Global Issues
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I think because we grow up in a world where the pie fallacy is actually parents children relationship essay true. During the past six years, Americaits government, its families, the country as a wholehas been borrowing to sustain its consumption. Contempt for the World. For example, construction firms that fund politicians' campaigns in return for government contracts, or rich parents who get their children into good colleges by sending them to expensive schools designed for that purpose. A friend of mine who knows a lot about computer security says the single most important step is to log everything. And the only thing you can offer in return is raw materials and cheap labor.
Since risk and reward are equivalent, decreasing potential rewards automatically decreases people's appetite for risk. Meanwhile, the pharmaceutical companies received special favors. 5 And while some of the growth in economic inequality we've seen since then has been due to bad behavior of various kinds, there has simultaneously been a huge increase in individuals' ability to create wealth.
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