Monday, April 4, 2016
Total inequality
This is a compelling exploration of what the author calls "Total Inequality", meaning not just inequalities in income between rich and poor, but also in terms of wealth (as explained by Piketty, whose book is still sitting on my shelf waiting to be read) and more insidiously, in terms of cultural capital. In short, poor people (and especially their kids) are not only earning less and possess less, but they also are subject to a whole slew of poverty-imposed cultural ills like stress, poor education, lowered expectations, higher incarceration rates, less stability, etc., all of which further harm their possibility of achieving a dignified level of material well being.
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