Krugman's book for the most part was an exciting as any of his columns, somewhere in the middle the section on the rise of the movement conservatism was somewhat boring since this has been rehashed several times in the press and elsewhere ad nauseam for the last several years. A few points were eye opening for me.
- The central claim of Krugman is : The middle class in the United States did not evolve automatically as the economy matured, but was created through government policy and intervention, by Roosevelt and the New Deal.
- The second claim is : The inequality of wages in the United States is not a result of technological advancements but of government policy.
Let's discuss the points below the fold.
- in progress ...
- Similar levels of technology in other western nations from Canada to France did not result in similar degrees of disparity, only Britain with similar policies during Thatcher saw spikes in inequality.
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