The New York Times yesterday profiled inequality researchers Saez and Piketty. In doing so, the paper of record says, regarding the country’s basic economic history, “income inequality in the United States fell after World War II.”
This familiar liberal trope is complete jive, as we TCTers know:
As this elementary graph, built from the data of none other than Saez and Picketty themselves, shows, income inequality has only ever seen a meaningful decline during, during, DURING World War II! I mean how fricking stupid can these apologists get? The basic fact literally screams in your face. Left to its own devices, corporate capitalism never equalizes the income distribution. The best it can do on that front is tread water for a couple decades after a freak intervention by the public.
This, of course, should come as no surprise. Capitalists obtained the right to run their affairs via oligopolies in order to maximize their own ROI, not to improve society.