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[shevek]

In all this discussion of inequality, nobody has mentioned "The Fortune at the Bottom of the Pyramid", which I believe is a proximate cause of much of that inequality.

Comments

[thekumquat]

The what?
Explain?

[shevek]

It's a book. My brief understanding is that one earns more money by charging a dollar to each poor person than by charging a thousand dollars to each rich person, because there are more poor people. The consequence of this is that the commercially successful products are those which are targeted at people who cannot afford them. Thus inequality increases.

I think it goes hand in hand with the cost-engineering which everything here seems to suffer from. Price first, quality second.

[aster13]

Hm. I see. A very valid point, i suspect.