September 7, 2015

THE HARD LESSON OF THE eND OF hISTORY...::

Piketty was wrong. Seizing from the rich to help the poor won't solve inequality : Major study by the World Economic Forum finds pro-business policies are key to raising global living standards and economic security for households (Szu Ping Chan, 07 Sep 2015, The Telegraph)

Governments must put pro-business measures at the heart of policymaking if they want to tackle inequality, according to the World Economic Forum.

The WEF's Inclusive Growth report said focusing on policies such as wealth redistribution, advocated by economists like Thomas Piketty, had constrained the debate on inclusive growth.

The two-year study, which looked at 112 advanced and emerging economies including the UK, said removing red tape and building solid infrastructure was as important as high quality education and progressive tax policies for better living standards and economic security.

"An inclusive growth and development model is one that is inherently pro-labor and pro-business."

"The current debate on inequality and social inclusion is unduly narrow and unnecessarily polemicised," the report said.


...is that you have to generate wealth via the First Way, so that it exists to be redistributed via the Second. Efficiency, then security.

Posted by at September 7, 2015 8:43 AM
  

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