Comment 70592

By Undustrial (registered) - website | Posted October 14, 2011 at 21:16:52

The problem with poverty is that the wealth from general economic prosperity isn't shared. There's no doubt that the total amount of wealth in society is not a zero-sum game (unless you start also measuring externalities...), but just because there's more money out there doesn't mean everyone gets more. While profits and productivity have been growing for decades, wages have not when adjusted for inflation or as a share of the GDP. When one looks at the charts, wealth hasn't really trickled down in any significant way since before Reagan took office.

Again, I must echo what so many have said - what's needed is a broader economic policy. LRT clearly can't solve this issue alone, but also won't necessarily make it worse. Automobiles definitely aren't an accessible mode of transportation, so lets not dismiss alternatives too quickly.

Permalink | Context

Events Calendar

Recent Articles

Article Archives

Blog Archives

Site Tools