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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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From: ggersh	1/12/2017 10:56:53 AM
	1 Recommendation Read Replies (1) of 218180

http://www.nakedcapitalism.com/2017/01/many-areas-appalachia-mississippi-delta-lower-life-expectancy-bangladesh.html “A lot of the inequality in the U.S. comes from rent seeking. It comes from firms and industry seeking special protection or special favors from the government…To the very considerable extent that inequality is generated by rent seeking, we could sharply reduce inequality itself if rent seeking were to be somehow reduced.” While some forms of inequality could be linked to progress and innovation, said Deaton, inequality in the U.S. does not stem from creative destruction. “A lot of the inequality in the U.S. is not like this. It comes from rent seeking. It comes from firms and industry seeking special protection or special favors from the government,” he said. Deaton highlighted a particularly salient example of rent seeking: the American health care system which, he said, “seems optimally designed for rent seeking and very poorly designed to improve people’s health.”

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