Capitalism results in Inequality, by Necessity
In the weekend edition of the Wall Street Journal was a memorium for Irving Kristol. The memorium took excerpts from several of Kristol’s famous articles, and I liked this one the best:
“Income Inequality Without Class Conflict, Dec. 18, 1997
It is often said that capitalism—that is, a market economy—is morally obnoxious because its “trickle-down economics” inevitably [...]
