Re:Adam Smith and Inequality (2014)
by CryptoPunk on Sunday September 12, 2021 @07:32PM
(#28506141)
What's the correlation between GINI and per capita GDP growth?
It's easy for a rich country to abandon the policies that made it rich, by adopting social democracy, and subsequently see stagnation in their per capita growth rate and a reduction in their GINI, while still remaining among the wealthiest countries in the world for a few decades before they are inevitably leapfrogged.
It's easy for a rich country to abandon the policies that made it rich, by adopting social democracy, and subsequently see stagnation in their per capita growth rate and a reduction in their GINI, while still remaining among the wealthiest countries in the world for a few decades before they are inevitably leapfrogged.