This could be the most hated book of the year.

[azmouse]

Quote:Maybe economic inequality isn’t such a bad thing after all.

At least that’s what a new book written by a rich, former Bain Capital managing director espouses. Even though the economic manifesto about the how the 1 percent benefits the 99 percent hasn’t hit bookstores yet, it’s already getting heat from the 99-percent crowd and beyond.

“Unintended Consequences: Why Everything You’ve Been Told About the Economy Is Wrong,” by Edward Conard, 51, comes out next week. According to his publicist the book offers: “A contrarian analysis of the recent economic crisis by a close associate of Mitt Romney. (It) promises to be one of the year's most talked-about books on the subject.”

*snip*

Robert B. Reich, author of “Aftershock: The Next Economy and America's Future,” said he hasn’t read Conard’s book but was curious about why Conard thought wealth concentrated in the hands of a few was “a good thing.”

“Undoubtedly some degree of income inequality is necessary and good to provide appropriate incentives, but at some point – and I believe we’ve hit that point – it harms an economy by robbing the vast middle class of the purchasing power it needs to keep an economy going, and it generates social and political upheaval,” said Reich, former labor secretary under President Clinton and currently Chancellor’s Professor of Public Policy at the University of California at Berkeley

http://bottomline.msnbc.msn.com/_news/20...k#comments

What a f'ing disaster Mitt and his friends are for this country. The sooner they are stopped and kept out of power, the better.

[JuniperLea]

We must suffer through the apologia of greed.

[azmouse]

(05-02-2012 04:21 PM)JuniperLea Wrote:  We must suffer through the apologia of greed.

It's the very greedy gloatingly spiking the ball, and laughing at the 99%.

[JuniperLea]

(05-02-2012 04:34 PM)azmouse Wrote:  

(05-02-2012 04:21 PM)JuniperLea Wrote:  We must suffer through the apologia of greed.

It's the very greedy gloatingly spiking the ball, and laughing at the 99%.

How pathetic is that?!? They have no clue... not one.

[pappy]

(05-02-2012 05:45 PM)JuniperLea Wrote:  

(05-02-2012 04:34 PM)azmouse Wrote:  It's the very greedy gloatingly spiking the ball, and laughing at the 99%.

How pathetic is that?!? They have no clue... not one.

The saddest thing about it is that 1/3 of the 99% will buy that load of crap.

[JuniperLea]

(05-02-2012 05:48 PM)pappy Wrote:  

(05-02-2012 05:45 PM)JuniperLea Wrote:  How pathetic is that?!? They have no clue... not one.

The saddest thing about it is that 1/3 of the 99% will buy that load of crap.

Yeah, the lack of critical thinking skills is creepy. I heard someone mention “epistemic closure” recently. I recalled hearing the term, but admit to having to look it up. Knowns and unknowns and known unknowns come to mind, but when I finally wrapped my brain around it. It makes sense.

[OptimistesMaddie]

let me think of the reasons.

These people are delusional!

[Ikonoklast]

As wealth disparity becomes even worse, as wealth gets further concentrated in the hands of fewer and fewer families, the resulting violence is inevitable.

They that only seek their own comfort, usually only find it for a short while.

[Treestar]

Sounds like a slight twist on the old Ayn Rand Galt theme.