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10 Years Ago in FP

"Modern technology in effect mandates much wider disparities…. In the United States, where markets are left relatively untrammeled by concerns about justice or fairness, the result has been a startling polarization of the earnings distribution. In Europe, where collective bargaining and the much heavier hand of the welfare state have limited income inequality, the same ...

"Modern technology in effect mandates much wider disparities…. In the United States, where markets are left relatively untrammeled by concerns about justice or fairness, the result has been a startling polarization of the earnings distribution. In Europe, where collective bargaining and the much heavier hand of the welfare state have limited income inequality, the same forces have manifested themselves instead in growing unemployment."


"Policymakers, for their part, should stop pushing the CIA to make bold predictions about foreign leaders where the necessary data is simply unavailable."


"Environmentalists tend to be alarmists. They have to be, to get their voices heard. The day-to-day traumas of politics and economics — a coup here, a currency crisis there — seize the attention of policymakers and elbow aside, week after week, the slower pace of environmental change. Besides, many environmental changes, especially in the rich world, appear to threaten neither health nor wealth."

— Frances Cairncross
"Environmental Pragmatism"

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