tag:blogger.com,1999:blog-471616641064061254.post4049429429575178768..comments2023-07-14T06:54:10.807-03:00Comments on Observations from the "Island of Enchantment": A Matter of Inequalityadrianahttp://www.blogger.com/profile/06689929013612739473noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-471616641064061254.post-2819154372047248432011-01-31T14:06:17.413-04:002011-01-31T14:06:17.413-04:00Hello Mitch,
Thanks for your input. While capita...Hello Mitch, <br /><br />Thanks for your input. While capitalism rewards those with great ideas and innovations, as we've seen with this financial crisis, the system is not perfect. The huge government bailouts of some of Wall Street's biggest firms, at the expense of taxpayers, is just one example. <br /><br />In Puerto Rico, austerity measures have led to massive government layoffs and budget cuts mostly affecting the less well off. Unfortunately, this has not been accompanied by investments in education and the re-training of workers for a 21st century economy.adrianahttps://www.blogger.com/profile/06689929013612739473noreply@blogger.comtag:blogger.com,1999:blog-471616641064061254.post-11052359156992451122011-01-29T13:46:46.188-04:002011-01-29T13:46:46.188-04:00Income inequality is a problem only if you see eco...Income inequality is a problem only if you see economics as a zero-sum proposition. <br /><br />From The American Thinker blog: "Some view wealth as static. There is only so much to go around. If you take a piece of the pie, there is less left for others. But capitalism allows individuals to make the pie bigger so that everyone benefits. When individuals profit by creating new ideas that generate new jobs, they make the pie bigger. Their profits do not correspond with others' losses."Mitchnoreply@blogger.com