Inequality: “A melancholy of the soul”

posted by
January 2, 2011
Out Future Blog
by Robert Borosage  
Posted in Commentary, PND Commentary

"Nicholas Kristof has [an] important piece in NYT, entitled 'Equality, A True Soul Food.' He summarizes the striking work that shows how corrosive extreme inequality is not simply to society, but to the health of individuals themselves. Extreme Inequality, he writes, feeds a 'melancholy of the soul.' In this country, the wealthiest 1% captured fully 2/3 of the increased income growth over the five years, before the financial collapse. They now control more wealth than the 'bottom' 90% of Americans. This inequality is devastating to the economy." (01/02/11)  

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