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June 11, 2007

Inequality in theory and practice

There's something bizarre about reading the New York Times Magazine cover package on "The Inequality Economy" amidst with the usual blizzard of ads for luxury goods like multimillion dollar apartments, vacation homes, jewelry, perfume, etc.

The title page for the package (p. 51 in my print version) even appears directly opposite an ad for The Private Bank of the Bank of New York, which "created the nation's first trust to provide for the wife and children of our founder, Alexander Hamilton" and has been "helping protect legacies ever since."

Maybe there's an upside, though -- the juxtaposition certainly should make it easier to convince people that the gap between the top 1% and everyone else has gotten out of control.

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