Food for thought from Washington’s blog
Even Slave-Holding Societies Had More Economic Equality than Modern America
We’ve also noted that inequality in modern America is twice as bad as in ancient Rome … which was built on slave labor.
A newly-updated study by professors Peter Lindert of the University of California at Davis and Jeffrey Williamson of Harvard shows that inequality is now worse than in the slave-holding colonies. As the Atlantic notes:
American income inequality may be more severe today than it was way back in 1774 — even if you factor in slavery.
An imbalance between rich and poor is the oldest and most fatal ailment of all republics.
Obviously, we do not condone slavery. As the Atlantic notes in a footnote:
Please don’t interpret anything in this article as suggesting that American slavery was anything less than horrific. The paper only suggests that on a strictly dollars and cents basis, income was skewed less towards the rich during the colonial era than it is today.