Trickle-down – the USA and Sweden show how it looks in reality30 March, 2013 at 17:44 | Posted in Economics, Politics & Society | 4 Comments
In a post up today on his blog, Paul Krugman notices that there “doesn’t seem to be much trickle-down going on” in the USA.
Unfortunately we can see the same pattern developing in Sweden. Look at the figure below, which shows how the distribution of mean income and wealth (expressed in year 2009 prices) for the top 0.1% and the bottom 90% has changed in Sweden for the last 30 years:
A society where we allow the inequality of incomes and wealth to increase without bounds, sooner or later implodes. The cement that keeps us together erodes and in the end we are only left with people dipped in the ice cold water of egoism and greed. It’s high time to put an end to this the worst Juggernaut of our times!