I’ve been slow to get onto the income inequality bandwagon, but I try hard to let new information shape my beliefs, and since watching Richard Wilkinson’s TED talk on the issue I’ve started to change my opinion. And then along comes this interesting piece from self-described Austrian economist Roger Koppl hammering the point home: income inequality matters. (Austrian economists are the libertarian guys, by the way.)
I think Koppl makes good arguments, but I’m not holding my breath for the American right to take the lead on the issue any time soon. Momenutm can be a terrible thing, and in this case doubly-so. The rather uninformed, populist vision of income inequality from the American left will not be supplanted any time soon, and the knee-jerk antipathy of those on the right to the entire topic isn’t going away either.