A Quote by Agnes Gund
I have always had an extreme sensitivity to inequality.
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You need some inequality to grow... but extreme inequality is not only useless but can be harmful to growth because it reduces mobility and can lead to political capture of our democratic institutions.
When inequality gets too extreme, then it becomes useless for growth, and it can even become bad because it tends to lead to high perpetuation of inequality over time and low mobility.
In the U.S. when people like me started writing things about inequality, the economic journals had no classification for inequality. I couldn't find where to submit my inequality papers because there was no such topic. There was welfare, there was health issues, there was trade obviously. Finance had hundreds of sub groups.
True education makes for inequality; the inequality of individuality, the inequality of success, the glorious inequality of talent, of genius.
I think, unfortunately, we've always lived in a world of massive inequality: inequality between the haves and the have-nots, inequality between men and women that not only exists temporally but geographically as well.
When inequality gets to an extreme, it is completely useless for growth.
Extreme inequality is no temporary blip. It is hard-wired into our economies.
Inequality hardens society into a class system. Inequality divides us from one another... Inequality undermines democracy.
I think inequality is fine, as long as it is in the common interest. The problem is when it gets so extreme, when it becomes excessive.
You have to be an extremist to believe that you're gonna be the president of the United States and your name is Barack Hussein Obama! And he's using extreme methods, but his application is very smooth. Michelle Obama is extreme, her presence is extreme. And it's an extreme good. Extreme is not negative.
No matter how we name and dissect inequality, we must keep explaining the larger downside of such concentrated extreme wealth.
No sustainable development, environmental harmony or lasting security will happen if we are unable to eradicate hunger and extreme inequality
Coming from California and growing up where I did, I've always had a fondness for and innate sensitivity to light, texture, and warmth.
It's very hard to persuade a young person who has seen the Great Recession, who has seen all the problems with inequality, to tell them inequality is not important and that markets are always efficient. They'd think you're crazy.
Probably the most extreme form of inequality is between people who are alive and people who are dead.
When I was poor and I complained about inequality they said I was bitter. Now I'm rich and I complain about inequality they say I'm a hypocrite. I'm starting to think they just don't want to talk about inequality.
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