In a recent editorial titled “A Hedge Fund Republic?
” New York Times columnist Nicholas Kristof claims that if you want to observe “rapacious income inequality,” you don’t need to travel to a banana republic. Rather, you can simply look around the United States to see “stunning inequality” that is supposedly the result of some rapacious plundering of America’s poor by wealthy plutocrats.
Will Wilkinson responded in The Economist (”This Ain’t No Banana Republic
“) and takes Kristof to task for his “confusion and laziness” about claims of “rapacious income inequality.” I respond here at The Enterprise Blog