Kristof: Why let the rich hoard the toys?

Imagine a kindergarten with 100 students, lavishly supplied with books, crayons and toys.

Yet you gasp: One avaricious little boy is jealously guarding a mountain of toys for himself. A handful of other children are quietly playing with a few toys each, while 90 of the children are looking on forlornly — empty-handed.

The one greedy boy has hoarded more toys than all those 90 children put together! Full Story »

Posted by Tanya J. Maurer

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Tanya J. Maurer
4.4
by Tanya J. Maurer - Oct. 6, 2012

today’s level of inequality is unusual by American historical and global standards alike, and, as Stiglitz notes, evidence is mounting that inequality at the levels we’ve reached stifles growth and employment.

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