(no subject)

posted by [identity profile] kaberett.livejournal.com at 05:04pm on 09/08/2011
In the States over the last few years it's been the case that the poor have been getting poorer dramatically faster than the rich have (see here and here).
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(no subject)

posted by [identity profile] ilanin.livejournal.com at 05:26pm on 09/08/2011
And in the States there hasn't been an increase in the amount of violent disorder, as far as I'm aware.

The data for the US isn't surprising, though - due to Clinton-era policies aimed at encouraging a growth in home ownership amongst what politicians call "working Americans", a much larger proportion of low-income people would have been hit by the house price crash than usual, and, additionally of course, would be unlikely to have had as much in the way of savings since they had been encouraged to invest in equity.

Additionally, continuing problems with the under-regulated and not terribly competitive US healthcare market are driving up a fairly essential cost for sections of the working poor.

From this we establish that governments both interfering and not interfering with markets both manage to create inequality more or less no matter what the original intention was.
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