When laissez-faire creates instability, the move to a freer market can be something less than pure gain. - Robert Kuttner

Can we reverse these deeply rooted sources sources of inequality? Or are they just endemic to a capitalist economy?

In a world where technology and capital are highly transferable, there is a real risk that comparative advantage comes to be defined as whose labor force will work for the lowest wage.

The total impact of the Reagan tax cuts on capital lowered the effective cost of capital to American industry by an estimated 1.2 percent. Unfortunately, the Laffer curve did not work as advertised. Lower tax rates did not produce more tax revenues. They produced deficits.