[T]he current U.S. economic system... is incapable of providing a satisfactory life to... 44% of the population. ...[I]s that good enough for a $20 t… - John Komlos
" "[T]he current U.S. economic system... is incapable of providing a satisfactory life to... 44% of the population. ...[I]s that good enough for a $20 trillion economy... supposedly the richest in the world?
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About John Komlos
(born 28 December 1944) is an American economic historian of Hungarian descent and former holder of the chair of economic history at the University of Munich.
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Although a positive correlation between height and income has been amply documented... the correspondence has been found to be less than perfect... Thus some caveats are in order, because the distribution of income has also been found to affect the mean stature... and... the mix of calorie and intake matters to the growth process.
Rawls says... let's design an economy... in such a way that you would be willing to enter that society at random. That's a just society... You don't know your position in it. You don't know whether you're smart or dumb. You don't know your skin color. You don't know your gender. You don't know your parents. You don't know anything about yourself. ...[In that case] we wouldn't design a society like it is today. You would make sure that there is an equitable distribution of power.... that the power is not concentrated... that there is countervailing power, that wealth is not concentrated...
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