The Inequality Road to Serfdom

posted by
December 21, 2010
The Monkey Cage
by Will Wilkinson  
Posted in Commentary

"This argument, in a nutshell, is that once the level of economic inequality passes a certain critical threshold, the wealthy as a class will be in a position to capture the democratic process, bend it to their interests, and leave the middle and lower classes with insufficient protection of their political rights and economic interests. ... Central to all versions of the Inequality Road to Serfdom arguments are a set of assumption about the convertibility of economic power into political power and a set of assumptions about the self-interested motivation of voters." (12/07/1)

http://bit.ly/hmNj7H  

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