A Contrarian View of Inequality

If there is a central political principle that organizes what little policy debate there is in this election it seems to be centered around the idea of “income inequality.” From the embrace of Bernie Sanders by millennials, to boomers and traditional Democrats embracing of Clinton, right on through the angry, populist rage that makes up the core of the Trump supporters.So if this is the core idea embedded deep in the national psyche and we agree in a modern sense that crowdsourcing matters, then how could it be wrong?Bain Capital co-founder and former Mitt Romney adviser Edward Conard thinks it’s all wrong.  He argues that it’s the one-percent that’s keeping our economy moving forward.  In his book   The Upside of Inequality: How Good Intentions Undermine the Middle Class, he makes the case that it’s not a zero sum game and that the the success of the one-percent is not what’s holding back the economic growth of the middle class.My conversation with Ed Conard: Get full access to Talk Cocktail Podcast at jeffschechtman.substack.com/subscribe