People tend to be poor because they are excluded from market exchange, says Anne Rathbone Bradley in this week’s Acton Commentary. Wealth redistribution doesn’t change that but reforming cronyism does. What we need to ensure is that financial capital doesn’t become equivalent to political power for corporations.
The topic of income inequality is not new, but it is increasingly dominating academic and policy conversations. When French economist, Thomas Piketty, wrote a 704-page tome on income inequality in 2014 it sold out quickly. How could a massive book on such a technical concept generate so much popular interest? Piketty tapped into some deep and growing concerns that Americans have about income inequality. Is the large gap between the rich and poor in the United States a problem and is it getting worse? If so, what should we do about it and what can we do about it? Christians must wrestle with these questions if we truly want to help not only the poor, but all those who might be increasingly marginalized by a rigged system.
The full text of the essay can be found here. Subscribe to the free, weekly Acton Commentary and other publications here.