Brad DeLong

The Rising Tide of Reality

God Helps Those Who Help Themselves

Brad DeLong is generating some sharp criticism for his Would Marx Say A Rising Tide Raises All Boats article which tries to rationalize the growing wealth inequality distribution and that the solution to our current economic malaise is market competition

DeLong states:

The consequence has been a loss of morale among those of us who trusted market forces and social-democratic governments to prove Marx wrong about income distribution in the long run - and a search for new and different tools of economic management

and concludes: