Extreme inequalities in contemporary capitalism
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Extreme inequalities in contemporary capitalism
I Maurizio Franzini • Elena Granaglia Michele RaitanoExtreme Inequalities inContemporary CapitalismShould We Be Concerned About the Rich?springerMauri Extreme inequalities in contemporary capitalismizio Franzini, Elena Granaglia and Michele RaitanoExtreme Inequalities in Contemporary CapitalismShould We Be Concerned About the Rich?springer_ . .Maurizio FranziniDepartment of Economics and Law, Sapienza University of Rome. Rome, ItalyElena GranagliaDepartment of Law. Roma lie University, Rome, I Extreme inequalities in contemporary capitalismtalyMichele RaitanoDepartment of Economics and Law. Sapienza University of Rome, Rome, ItalyISBN 978-3-319-28810-9 e-lSBN 978-3-319-28811-6DOI 10.1007Extreme inequalities in contemporary capitalism
/978-3-319-28811 -6Library of Congress Control Number: 2016939489CO Springer International Publishing Switzerland 2016Based on a translation from die I Maurizio Franzini • Elena Granaglia Michele RaitanoExtreme Inequalities inContemporary CapitalismShould We Be Concerned About the Rich?springerMauri Extreme inequalities in contemporary capitalismranaglia, Michele Raitano, Copyright © Società editrice il Mulino 2014. All Rights ReservedThis Springer imprint is published by Springer NatureThis work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights Extreme inequalities in contemporary capitalism of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmissiExtreme inequalities in contemporary capitalism
on or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now know n or hereafter devI Maurizio Franzini • Elena Granaglia Michele RaitanoExtreme Inequalities inContemporary CapitalismShould We Be Concerned About the Rich?springerMauri Extreme inequalities in contemporary capitalism of a specific statement, that such names are exempt from the relevant protective law s and regulations and therefore free for general use.The publisher, the authors and the editors are sate to assume that die advice and information in this book are believed to be true and accurate al the dale ofpub Extreme inequalities in contemporary capitalismlicalion. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or fExtreme inequalities in contemporary capitalism
or any errors or omissions that may have been made.Printed on acid-free paperThe registered company is springer Inter national Publishing AG SwitzerlaI Maurizio Franzini • Elena Granaglia Michele RaitanoExtreme Inequalities inContemporary CapitalismShould We Be Concerned About the Rich?springerMauri Extreme inequalities in contemporary capitalism10)This book asks the question whether one should worry about the rich. No one, or at least very few, would question the fact that we should worry about the poor (or. better, for the poor). Conversely, the mere suggestion one should worry about the rich could raise suspicious eyebrows, as it were an Extreme inequalities in contemporary capitalism indication of some form of prejudice against them, a new manifestation of that most vile of sentiments, envy, which Hannah Arendt pointedly termed “tExtreme inequalities in contemporary capitalism
he worst of humanity’s vices”.Yet in tills book that’s the very question we ask and we feel our motivations have nothing to do with envy. Let’s get thI Maurizio Franzini • Elena Granaglia Michele RaitanoExtreme Inequalities inContemporary CapitalismShould We Be Concerned About the Rich?springerMauri Extreme inequalities in contemporary capitalisme should worry about the rich is, fundamentally, asking if our mind should be occupied by the thought that, at least to some extent, richness may represent a problem, naturally not for the rich, but for society (there's the rub and the anxiety).This preoccupation is largely independent from the fact Extreme inequalities in contemporary capitalism both that the rich, in many countries, are on the increase and that their incomes can often reach outrageous levels. After all, as Milanovic (2011) rExtreme inequalities in contemporary capitalism
eminds US. the rich have always existed. According to his calculations, actually rather bold. Marcus Licinius Crassus, ftie Roman general who defeatedI Maurizio Franzini • Elena Granaglia Michele RaitanoExtreme Inequalities inContemporary CapitalismShould We Be Concerned About the Rich?springerMauri Extreme inequalities in contemporary capitalism, like Carlos Slim (the Mexican considered, for years, the richest man in the world) and Bill Gates, could effectively claim to possess much greater richness.Worrying about the rich for US is especially about finding out whether the mechanisms that enable the accumulation of richness are compatible Extreme inequalities in contemporary capitalismwith what is widely considered to be the proper operation of markets and other more encompassing institutions, and whether these mechanisms comply witExtreme inequalities in contemporary capitalism
h a few well-established values of liberal justice. It also means exploring the consequences that huge incomes, so far from those of the great majoritI Maurizio Franzini • Elena Granaglia Michele RaitanoExtreme Inequalities inContemporary CapitalismShould We Be Concerned About the Rich?springerMauri Extreme inequalities in contemporary capitalismdaily basis. Yet. if one looks closely, they are not real answers. They are. instead, almost always, statements lacking appropriate empirical proofs or solid and grounded theoretical arguments. Perhaps, speaking of prejudices this time is not an exaggerationOne such prejudice, for example, is the th Extreme inequalities in contemporary capitalismesis according to which, thanks to mechanisms that have yet to be thoroughly tested, the presence of the rich is beneficial to the rest of society, reExtreme inequalities in contemporary capitalism
sulting in higher incomes for everyone. The same can be said of the assumption that has become almost axiomatic, whereby all incomes, provided they arI Maurizio Franzini • Elena Granaglia Michele RaitanoExtreme Inequalities inContemporary CapitalismShould We Be Concerned About the Rich?springerMauri Extreme inequalities in contemporary capitalismexactly their extent would signal uncommon ability as well as boundless effort.At the bottom of everything there is perhaps the apparently very sound idea that the rich never do any harm to anyone and therefore there doesn't seem to be any reason why they should represent a problem worthy of attenti Extreme inequalities in contemporary capitalismon. The most forthright expression of this point of view was perhaps voiced by Tony Blair during his 2001 electoral campaign when he went as far as toExtreme inequalities in contemporary capitalism
state that: “Justice for meI Maurizio Franzini • Elena Granaglia Michele RaitanoExtreme Inequalities inContemporary CapitalismShould We Be Concerned About the Rich?springerMauriI Maurizio Franzini • Elena Granaglia Michele RaitanoExtreme Inequalities inContemporary CapitalismShould We Be Concerned About the Rich?springerMauriGọi ngay
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