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TAG | Alan Greenspan



Income inequality begins at birth and the stats that prove it

Money-and-CalendarJohn Komlos, an economist, writing for PBS.org posted an article on May 4, 2015, titled “Income inequality begins at birth and these are the stats that prove it.”

In the essay, he states that “even conservative Republican Alan Greenspan, an ardent advocate of free markets, is beginning to see inequality as a fundamental threat to the system and admits that,’You cannot have the benefits of capitalist market growth without the support of a significant proportion, and indeed, virtually all of the people; and if you have an increasing sense that the rewards of capitalism are being distributed unjustly, the system will not stand.'”

Mr. Komlos goes on to detail breakdowns in our current system that are causing people to be stuck in poverty from birth to death.

Here’s a link to the complete article.

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