Larry Summers says we demand to worry less about income inequality and more about inequality of opportunity.Summers, a former Treasury Secretary, Harvard president and economic adviser to President Obama, said in a video posted by Harvard Kennedy College on May 30 that human beings demand to stop attacking the rich for their achievements and instead focus on addressing the shrinking equality of opportunity.”I reckon we can accept, I reckon we should accept inequality of results, recognizing that those who earn more are in a position to contribute more to support the society,” Summers said. “However if you gaze at the at the end generation, the gap in the lifetime prospects of the minor of a rich father and the minor of a poor father has widened.”Glance at More…
More on Larry Summers
DOWNLOAD: Earthquake