If there's something that progressives agree on, it's that inequality exists and that it's a problem. But what do we mean when we say "inequality"? Is it that some people have more "stuff" (money, goods, access to services) than others? Is it that some people are more skilled, more talented, better looking, or just plain luckier than others? In a relatively free society with fairly consistent equality of opportunity, the result is inevitably going to be inequality of outcome. And this is not necessarily a bad thing. Why is a certain amount of inequality a good thing? Should we care about numerical inequality indicators such as the GINNI index? Should we take legislative action to "level the playing field"? Join James Harrigan and Antony Davies as they talk about this and more on this week's episode of Words and Numbers.
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Foolishness of the Week
Topic of the Week: Inequality
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