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View Diary: Open thread for night owls: Market didn't redistribute wealth upward, it was 'deliberate' policy (58 comments)

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  •  (Sane) Conservatives Should Worry @ Inequality (0+ / 0-)

    Strong inequality and robust democracy are an unstable mixture.  They tend to degenerate either into an autocratic kleptocracy, as we see in much or Africa and Latin America, or a toxic populism such a Peron's Argentinia or Chavez's Venuzuela.  In the latter case the poor are supported by giving them the seed corn.  As time goes on, even after the "big men" are gone it is impossible to support their demands with a non-functioning economy.

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