Rudolph: US Inequality Quiz | Informed Comment: "Can You Pass The US Inequality Quiz?
The American mainstream media regularly laments the incontrovertible reality of rising inequality yet rarely provides historical perspective or detailed analysis. Rather, the typical article provides statistical facts of inequality coupled with theoretical claims linking capitalism, incentives, economic growth and inequality.While few doubt that capitalism is the preferred economic system for a country—despite its inevitable resulting inequality—the fundamental issue is whether the American model of capitalism should be preferred to versions of capitalism in, say, Europe or Japan. A misleading assumption of the US mainstream media is to equate capitalism with America’s “free-market” version. The alternative thus becomes the authoritarian, centrally planned system of the defunct Soviet Union.The following quiz is intended to bring more depth to the issue of capitalism and inequality by providing historical context and international comparison. The conclusion is heartening: the US can be made both more just and more productive—indeed, it once was." [continuar a ler]