Acton’s Director of Research, Sam Gregg, ponders “Envy In A Time Of Inequality” in today’s American Spectator. Envy, he opines, is the worst human emotion. From the time that Cain killed Abel to today’s “near-obsession with inequality,” Gregg says envy is driving public policy…and that’s not good.
The situation isn’t helped by the sheer looseness of contemporary discussions of economic inequality. Inequality and poverty, for instance, aren’t the same things. That, however, doesn’t stop people from conflating them. Likewise, important distinctions between inequalities in income, wealth, education, and access to technology are regularly blurred. As recalled in a paper recently published by the Federal Reserve of St. Louis, wealth inequalities can have greater impact upon people’s comparative abilities to build up capital for the future than income inequality. Yet we spend most of our time anguishing about the latter.