SAMUELSON: People fighting for bigger piece of economic pie
Posted: Mon Oct 09, 2017 7:17 am
app. - 10/8/2017 - The spoils society advances. The “spoils society” is a phrase I coined some years ago to illustrate a basic problem of wealthy societies, including, of course, the United States. After all, our annual GDP (gross domestic product) is approaching $20 trillion. The problem is that, as societies become richer, so does the temptation for people to advance their economic interests by grabbing someone else’s wealth, as opposed to creating new wealth. Read more @ http://www.app.com/story/opinion/column ... 106378192/