Remora
James Kenneth Galbraith � the Galbraiths are our favorite dynasty, much superior to the Kennedys and the Bushies � has a nice article in Daedalus entitled A perfect crime: Inequality in the age of globalization. Unfortunately, the article isn�t available on the web, but here are Galbraith�s points:
1. An old view of development and income inequality held that there was a archetypal pattern
that applied to developing economies, in which a primitive stage of industrialization would correspond to an increase in income inequality, which would then begin to level out as the
economy matured.
2. This view was disputed in the eighties and nineties, and displaced by a cultural view, which
held that one should concentrate on land holding, the level of protectionism, the willingness to sacrifice for an advantageous export position, and so on.
3. Galbraith gives us evidence to think that the older view is more realistic. Furthermore, he
holds that the increase in global in
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