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JDPriestly

(57,936 posts)
9. A great disparity in wealth is often the result of great corruption in government.
Mon Jan 20, 2014, 12:59 PM
Jan 2014

"'Oxfam said that India's billionaires acquired their wealth in 'rent thick' sectors – industries where profits are dependent on access to scarce resources – "made available exclusively through government permissions and therefore susceptible to corruption by powerful actors, as opposed to creation of wealth.'"

http://www.nbcnews.com/business/worlds-85-richest-have-same-wealth-3-5-billion-poorest-2D11958883

That is not just a problem in India. It is one of the biggest factors in the growth of the disparity in wealth in the US. Christie is just one example of the corruption in our government at all levels. And Citizens United has not helped one bit.

India has age-old traditions that make economic mobility difficult, but what excuse to we have for modeling India? We know better. We just don't have the political will to elect the most honest candidates.

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