Getty Images Ivry-sur-Seine, a southern suburb of Paris, France. The question of whether western economies’ rising inequalities of both income and wealth can be tackled by the usual reformist approach of piecemeal measures or something bolder emerged at a recent conference of economists in Washington, DC.
At the heart of the question lies the “growing consensus,” according to the participants, that the magnitude of the problems cannot be treated with the tools that would have been advocated two decades ago, i.e., less government intervention (“meddling” was the word more often used in those days) and policies favoring economic growth.
Inequalities have […]
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