Dr Reich states, Fifty years ago, Americas business leaders understood they needed a strong and growing middle class in order to have enough customers to grow their businesses. They knew that they and the economy would suffer if almost all the economic gains went to the top. But today, business leaders compare those who worry about inequality to Nazis. Ken Langone, billionaire co-founder of Home Depot, says if you go back to 1933, with different words, this is what Hitler was saying in Germany. You don’t survive as a society if you encourage and thrive on envy or jealousy.” Venture capital pioneer Tom Perkins says “in the Nazi area it was racial demonization, now it is class demonization.” Why dont todays business leaders get it? Why arent they speaking out against the scourge of widening inequality? Dr Krugman writes of this in his blog yesterday:
Posted on: Wed, 19 Mar 2014 11:05:30 +0000
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