James K. Galbraith holds the Lloyd M. Bentsen Jr. Chair in Government/Business Relations at the Lyndon B. Johnson School of Public Affairs and serves as a professor of Government at The University of Texas at Austin. He also directs the University of Texas Inequality Project and is the author of Inequality: What Everyone Needs to Know.
What is the “natural” tendency of inequality within a capitalist system —to increase or decrease? What are the reasons behind this tendency?
I have a good deal of difficulty with the premise that there is such a thing as a natural tendency of inequality within a capitalist system. This suggests that nature is ruling the roost in these matters, implying that something other than the rules and regulations of human society is [...]
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