Paul Krugman Destroys the Latest Lie About Why We Have Rampant Inequality | Alternet

Posted: February 23, 2015 in American Politics, Economy

The fact that corporate profits are soaring, but rather than being spread or invested widely, those profits are going to those who have a monopoly on power, which is a rather tiny group of well-placed people. Knowledge is not power. Power is power, and it is highly concentrated. And those who have it have a big incentive to divert the discussion away from the fact that they are indeed the problem. As Krugman points out, it would not even be that hard to begin to address rising inequality. Higher taxes on corporations and the uber-wealthy would be a great start. Raising minimum wage. You don’t need a Ph.D in economics to realize these moves would help. Corporate overlords and their lackeys in Congress are intent on making sure that never happens and are working overtime to divert the national conversation, this time to the fantasy that education will fix all.

via Paul Krugman Destroys the Latest Lie About Why We Have Rampant Inequality | Alternet.

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