• Prosperity is trickling down to precious few
Capitalism | [T]he main sell to an electorate that by and large is not very rich isn’t devil-take-the-hindmost capitalism. It is the idea that prosperity trickles down. We’re all in this together, they say, and you don’t make the poor richer by making the rich poorer. Here is where they run into a problem: manifestly, the rich getting richer is doing nothing to prevent the poor getting poorer. To those simple souls without a PhD in Hayekian economics and a well-thumbed library of Ayn Rand novels, that not only looks unequal: it looks unfair.