Inequality and Instability. By James K. Galbraith, Oxford University Press. Affluence & Influence. By Martin Gilens, Princeton University Press. Reviewed by James Ledbetter, the op-ed editor of Reuters and the author, most recently, of Unwarranted Influence: Dwight D. Eisenhower and the D Military-Industrial Complex What do we mean by “inequality,” and why exactly is it bad for American democracy? Are we discussing inequality of wages within a given firm or industry? Or inequality in household income—i.e., the difference between the poor and the middle class, or ... Read More
