And what's remarkable is that — unlike China — India managed to do this incredible poverty reduction while also reducing inequality.
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So much of the wealth in this country is now going to capital as opposed to labor. And that's just upside down from the thing that made this economy great in the '40s, '50s, and '60s. Look, there were bad things about this economy back then, too. I get that. But if you want solid middle-class jobs where everybody can grow and be reasonably happy and successful, this ain't it.
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I grew up thinking that if you were smart enough and you worked hard enough, merit would be rewarded. And I really believe that that's the promise of Western education. But what I've come to understand is that the system is set up in a way that people who already have power and money are able to transmit that power and money to their children in ways that are perfectly legal and also very effective.
Min Jin Lee — Fresh Air
It it astonishes me that they don't seem to understand that that sort of inequality usually ends up involving piano wire.
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