Can You Pass The US Inequality Quiz?
27.06.11
He American mainstream media regularly laments the positive reality of rising inequality yet rarely provides historical perspective or detailed analysis. Rather, the typical article provides statistical facts of unfairness coupled with theoretical claims linking capitalism, incentives, economic growth and inequality.
While few doubt that capitalism is the preferred remunerative system for a countrydespite its inevitable resulting inequalitythe fundamental issue is whether the American model of capitalism should be preferred to versions of capitalism in, say, Europe or Japan. A misleading assumption of the US mainstream media is to equate capitalism with America 's accessible-market version. The alternative thus becomes the authoritarian, centrally planned system of the defunct Soviet Union .
Source: CounterCurrents.org