October 16, 2012
We’ve also noted that inequality in modern America is twice as bad as in ancient Rome … which was built on slave labor.
A newly-updated study by professors Peter Lindert of the University of California at Davis and Jeffrey Williamson of Harvard shows that inequality is now worse than in the slave-holding colonies. As the Atlantic notes:
American income inequality may be more severe today than it was way back in 1774 — even if you factor in slavery.
This article was posted: Tuesday, October 16, 2012 at 8:19 am