Wednesday, May 23, 2012

Rich Persons and Economic Deprivation

The Washington Post has this, linked to by William Saletin, via his twitter account:
“There is now a diverging trend between the euro area and the U.S., where the U.S. is picking up more strongly while the euro area is lagging behind,” Padoan said.

And also a gap between say, the rich countries and the third-Worlder or between the rich parts of the economy, like Bill Gates, and the deprived parts, or the wealth-lacking areas (like a few hundred million persons --- Africa, Asia, elsewhere).

No matter how you put it, there have ALWAYS been extreme differences between the wealthy and those having but little.

So, is that not the basic issue?

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