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Inequality on the March

How much should we worry about inequality? Answering that question requires that we first answer another question: “Compared to what?” What is the alternative against which to judge the degree of inequality that we see?

Florida is a much more materially unequal society than Cuba. But the right way to look at the situation – if Florida and Cuba are our alternatives – is not to say that Florida has too much inequality, but that Cuba has much too much poverty.