Worse, extreme income and wealth inequality alone may hinder growth. After all “respect for property rights” is really, in most cases, shorthand for “respect by the have-nots for the property rights of the haves.” If those on the bottom rungs do not feel that they are getting a fair shake, the very bedrock of our prosperity crumbles into social and economic apartheid as millions of Americans flee to gated communities, millions more are required to staff the burgeoning private security industry, and yet more millions fill our prisons. - Giancarlo Angulo
