Thursday, February 4, 2016

Inequality of opportunity (3 graphs)

Click here to access article by David Ruccio from Real-World Economics Review Blog.

By posting these three graphs, Ruccio, and economist, illustrates how class advantage distorts economic opportunities for working people under capitalism.
It’s impossible to defend the grotesque—and growing—levels of inequality that characterize U.S. capitalism.

But, as they have throughout American history, some people still try. Their most common argument is that there’s nothing wrong with unequal outcomes as long as there is equal opportunity.

Hmmm, not so much.