Investing in social change

Eisenhower 13Oct18There is a much interest in “inequality”. The wide and growing difference between the very well off and those on lower-middle and lower incomes and correspondingly low or zero net wealth has been bothering not just social liberals but conservatives, by which I mean Burkean or moderate conservatives who value social cohesion and are not libertarians or reactionaries (viz the Tea Party in the United States). Back in 2011 such practical conservatives as Lawrence Summers and Martin Wolf declared inequality the greatest policy issue for the “western” world.

Eisenhower 13Oct18