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Required Reading

I just finished reading Nobel Prize winning economist Joseph Stiglitz's The Price of Inequality. It really should be required reading for everyone, but at least for every Democratic politician, starting with the guy living on Pennsylvania Avenue.

Oddly enough, there's nothing in the book that any progressive minded individual wouldn't know, but it's packaged persuasively and with authority.

His prescriptions would probably find favor with 80% of the 99%, were they to be instituted. It speaks volumes about the extent to which our politics has been captured by the 1% that the chances of their adoption are remote, that neither political party has embraced them or anything near them (though to a great extent he is calling for the Democrats to bring back their glory years), even though failing to adopt them may assure our continued decline.

Speaking of decline, our rapid fall from the peak makes you want to take your hat off to the Romans.

 

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