Boris Johnson stresses his opinion as a privileged, Bullingdon Club attendee, that economic egalitarianism is impossible. What do his comments betray, when we consider that inequality gaps swing heavily from generation to generation? One thing is certain: his notion of keeping up with the Joneses cannot be accurate when the inequality is getting worse over time. It cannot be the case that jealousy fuels the work ethic if we take actual data into account. Quote and Link follow. Let us know your comments... And for one reason or another – boardroom greed or, as I am assured, the natural and god-given talent of boardroom inhabitants - the income gap between the top cornflakes and the bottom cornflakes is getting wider than ever. I stress: I don’t believe that economic equality is possible; indeed, some measure of inequality is essential for the spirit of envy and keeping up with the Joneses that is, like greed, a valuable spur to economic activity.
Posted on: Thu, 28 Nov 2013 11:37:37 +0000