Income Inequality - France v. US.
- income mobility does not offset the rising inequality.
- the failure of an economy to generate rising incomes for a majority over decades causes frustration.
- politics inevitably become more populist (the US “right” has become “pluto-populist” – an alliance of free-marketeers, nationalists and social conservatives – and the “left” is increasingly “protecto-populist” – an alliance of protectionists, dirigistes, social liberals and anti-nationalists. This endangers both intellectual coherence and sensible policymaking.)
- They also point out that while US individualism may contain the frustration caused by growing income inequality, most cultures cannot. I think that's a very good comment and it is definitely the case of France where l'égalité is seen as an intricate part of the French national identity.
But the commonality - and here I agree again with the conclusions of this article - both are a threat to "intellectual coherence and sensible policymaking" and I think the news in this matter speaks for itself.
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