3.22.2004

Debunking the Economist -- again Salon.com (3/22)
Does inequality rise under globalization? You might think this is like asking "Does McDonald's have golden arches?" And you would not be wrong. But there is a part of the scribbling world -- and some economists of whom they scribble -- for which the obvious is never quite good enough. Especially not when powerful doctrines are at stake. And so we find, in wide circulation, the curious (even weird) claim that worldwide economic inequality has been falling thanks to a "new golden age of global capitalism."

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