Dr Adnan Al-Daini /Independent Australia
The argument of free market economists and plutocrats that income inequality is the price society must pay for strong economic growth is, demonstrably, bunkum, explains Dr Adnan Al-Daini.
SO, LET ME GET THIS RIGHT: free market economists', right wing politicians' and commentators' solution to the economic depression engulfing Europe and the United States is to cut government spending, slash welfare payments to the bone and make iteasier for employers to fire people. And additionally, to cut taxes to those at the top and give them a freer hand to "incentivize" them to use their entrepreneurial skills to create businesses, and with that jobs.
Do not worry about the gap between the rich and the poor, they say, this is the price we have to pay for a dynamic economy that will make us all richer; they seem to have forgotten why we are in this mess.
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