July 19, 2021 ☼ economy ☼ social-contract
Source: The Washington Post - Link
Again, in the current moment, that’s a phenomenon that is hardly unique on the world stage. Critics of Brazilian President Jair Bolsonaro accuse the far-right leader of assailing the country’s democratic institutions amid mounting inquiries into his alleged misrule. Former Israeli prime minister Benjamin Netanyahu pushed his country to a constitutional breaking point in his bid to maintain power. And in the United States, there’s every indication that the falsehoods told by former president Donald Trump about his electoral defeat — and the insurrectionary violence it provoked — have lost none of their potency.
The upshot is that increasing wealth inequality will lead to an unstable social fabric. Social policy should influence economic policy. Charity just won’t cut it.