Amy Chua (New York Times, 2/20/18) writes that “by their very nature, markets and democracy coexist in deep tension,” because “capitalism creates a small number of very wealthy people, while democracy potentially empowers a poor majority resentful of that wealth.” It is amazing how frequently we hear people asserting that the massive inequality we are … Continue reading Policy Choices, Not ‘the Market,’ Produce a ‘Small Number of Very Wealthy People’