The undisputed success of capitalism doesn’t mean we shouldn’t be looking at alternatives to the current model, especially in light of widening inequality.
In a recent review of Thomas Piketty's book, Capital in the Twenty-First Century by Deirdre McCloskey, I was reminded of the conversations I have in my class when I bring up the issue of income inequality. While most people express initial concerns about recent trends of increasing inequality, there tends to be a negative reaction about accepting that this is indeed a failure of our current economic model and most become very defensive when that argument is made.
