October 16, 2012
Even Slave-Holding Societies Had More Economic Equality than Modern America
We’ve repeatedly noted that inequality in America today is worse than it was in the Gilded Age , worse than in Egypt, Tunisia or Yemen , and worse than in many banana republics in Latin America .
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.