By Adam Davidson New York Times Magazine Published: May 1, 2012 To read Ed's reply to this article, click here. Ever since the financial crisis started, we’ve heard plenty from the 1 percent. We’ve heard them giving defensive testimony in Congressional hearings or issuing anodyne statements flanked by lawyers and image consultants. They typically repeat platitudes about investment, risk-taking and job creation with the veiled contempt that the nation doesn’t ... Read More
Please Don’t Soak the Rich
A successful economy requires outsize rewards for the able (and lucky) few who overcome very long odds to produce valuable innovations that others are willing to pay for. By Brian M. Carney In the wake of the 2008 financial panic, a narrative has developed around the American economy. Call it the Occupy Wall Street view of history. According to this view, America is dominated by a greedy kleptocracy—the 1%—that exploits everyone else, reaps most of the spoils for ... Read More
