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Books > Social sciences > Sociology, social studies > Social issues > Unemployment
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The Inequality Trap - Fighting Capitalism Instead of Poverty (Hardcover)
Loot Price: R805
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The Inequality Trap - Fighting Capitalism Instead of Poverty (Hardcover)
Series: UTP Insights
Expected to ship within 10 - 15 working days
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US President Barack Obama has called economic inequality the
"defining issue of our time." It has inspired the "Occupy"
movements, made a French economist into a global celebrity, and
given us a new expression - the "one percent." But is our
preoccupation with inequality really justified? Or wise? In his new
book, William Watson argues that focusing on inequality is both an
error and a trap. It is an error because much inequality is "good,"
the reward for thrift, industry, and invention. It is a trap
because it leads us to fixate on the top end of the income
distribution, rather than on those at the bottom who need help
most. In fact, if we respond to growing inequality by fighting
capitalism rather than poverty, we may end up both poorer and less
equal. Explaining the complexities of modern economics in a clear,
accessible style, The Inequality Trap is the must-read rejoinder to
the idea that fighting inequality should be our top policy
priority.
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