“Averages are no consolation to those who have been left behind.” ProgressInequalityEconomic GrowthEconomic Development Book:The Great Escape: Health, Wealth, and the Origins of Inequality Source: The Great Escape: Health, Wealth, and the Origins of Inequality
“Inequality is much cited for its baleful impacts. In this book, we see inequality as a consequence as much as a cause; if the rich are allowed to enrich themselves through unfair processes that hold down wages, and raise prices, then inequality will certainly rise. But not everyone gets rich that way. Some people invent new tools, drugs, or gadgets, or new ways of doing things, and benefit many, not just themselves. They profit from improving and extending other people’s lives. It is good for great innovators to get rich. Making is not the same as taking. It is not inequality itself that is unfair but rather the process that generates it.” InnovationSocial JusticeEconomic InequalityPolitical EconomyRent Seeking Book:Deaths of Despair and the Future of Capitalism Source: Deaths of Despair and the Future of Capitalism