tag:blogger.com,1999:blog-32931256.post6660351420635390659..comments2024-03-22T05:20:44.167-07:00Comments on The Disaffected Lib: Maybe a Lot of What We Believe, Just Isn't So.The Mound of Soundhttp://www.blogger.com/profile/09023839743772372922noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-32931256.post-15552472794110472552016-04-18T20:41:09.639-07:002016-04-18T20:41:09.639-07:00Sorry - the "above passages" refers to t...Sorry - the "above passages" refers to the text of the post itself, not the quotes in the comment.The Mound of Soundhttps://www.blogger.com/profile/09023839743772372922noreply@blogger.comtag:blogger.com,1999:blog-32931256.post-25681879161849779172016-04-18T20:40:15.684-07:002016-04-18T20:40:15.684-07:00Denmark,it seems, has succumbed to the American ec...<br />Denmark,it seems, has succumbed to the American economic contagion:<br /><br />"Denmark, however, is contending with many of the same issues that are widening the income gap in the U.S. and other European countries. Wealthy Danes are benefiting from the boom in global stock markets in recent years. Educated citizens with mastery over the latest technology are commanding bigger salaries, while middle class manufacturing jobs are disappearing. The Danish government cut taxes for the rich, while curtailing public assistance for the poor, jobless and recent immigrants."<br /><br />"Denmark, along with Iceland, saw the largest increase in inequality in Europe -- rising 12% in each country between 2008 and 2012, according to Eurostat.<br /><br />"The Top 10% of Danes saw their incomes grow by 29% over the decade ending in 2013, while middle-income folks experienced only a 12.3% bump, according to the Economic Council of the Labour Movement, a left-leaning think tank, citing national statistics. The poorest Danes suffered a nearly 1% loss in income, a rare occurrence in a country where everyone's income usually rises."<br /><br />So, the change in Denmark's relative wealth standing from 2009 when he wrote the above passages to 2015 seems to reinforce Galbraith's theory linking equality to high employment and general prosperity.The Mound of Soundhttps://www.blogger.com/profile/09023839743772372922noreply@blogger.com