How The Other 99% Live

Joseph E. Stiglitz addresses increasing inequality:

The top 1 percent have the best houses, the best educations, the best doctors, and the best lifestyles, but there is one thing that money doesn’t seem to have bought: an understanding that their fate is bound up with how the other 99 percent live. Throughout history, this is something that the top 1 percent eventually do learn. Too late.

And all that is why conservatives should be as worried as liberals about the decline of the moderating, uniting force in every human society: a thriving middle class.

(Hat tip: Scott Horton)