Extreme Inequalities in Contemporary Capitalism Should We Be Concern
This book explores the mechanisms by which top incomes are achieved through work in today’s advanced economies and asks to what extent current extreme inequalities are compatible with widely held values of social justice. Reflecting on the heterogeneity o
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reme Inequalities in Contemporary Capitalism Should We Be Concerned About the Rich?
Extreme Inequalities in Contemporary Capitalism
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Maurizio Franzini • Elena Granaglia • Michele Raitano
Extreme Inequalities in Contemporary Capitalism Should We Be Concerned About the Rich?
Maurizio Franzini Department of Economics and Law Sapienza University of Rome Rome, Italy
Elena Granaglia Department of Law Roma Tre University Rome, Italy
Michele Raitano Department of Economics and Law Sapienza University of Rome Rome, Italy
Based on a translation from the Italian language edition: “Dobbiamo preoccuparci dei ricchi? - Le disuguaglianze estreme nel capitalismo contemporaneo” by Maurizio Franzini, Elena Granaglia, Michele Raitano, Copyright © Società editrice il Mulino 2014, All Rights Reserved ISBN 978-3-319-28810-9 ISBN 978-3-319-28811-6 DOI 10.1007/978-3-319-28811-6
(eBook)
Library of Congress Control Number: 2016939489 © Springer International Publishing Switzerland 2016 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper This Springer imprint is published by Springer Nature The registered company is Springer International Publishing AG Switzerland
Preface
What thoughtful rich people call the problem of poverty, thoughtful poor people call with equal justice a problem of riches (Tawney 1913, p. 10)
This book asks the question whether one should worry about the rich. No one, or at least very few, would question the fact that we should worry about the poor (or, better, for the poor). Conversely, the mere suggestion one should worry about the rich could raise suspicious eyebrows, as it were an indication of some form of prejudice against them, a new manifestation of that most vile of sentiments, envy, which Hannah Arendt pointedly termed “the worst of humanity’s vices”. Yet in this book that’s the very question we ask and we feel our motivations have nothing to do with envy. Let’s get this straight. Worries, according to the di
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