How to increase economic equality

Here’s another prescription for getting the economy back on track, this one from Robert B. Reich, the former secretary of labor, a professor at the University of California, Berkeley, and the author of “Aftershock: The Next Economy and America’s Future.”

The economy won’t really bounce back until America’s surge toward inequality is reversed.

I’m not certain this would restore us to the golden age of prosperity but it would certainly ease the human pain of the downturn.

One way to deal with inequality would be to try to move the economy closer to the perfect competition ideal because in perfect competition there are no profits and therefore everyone would be equal economically.

Here are some things we could do. (yeah, right)

– Basically rescind all economic legislation most of which works to restrict competition so that some people can make profits.

– Do away with patent and copyright legislation

– Give subsidies to consumers rather than producers.

– End most licensing requirements.

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