Unbound: How Inequality Constricts Our Economy and What We Can Do about It
September 25 @ 4:00 pm - 6:00 pm
Do we have to choose between equality and prosperity? Many think that reducing economic inequality would require such heavy-handed interference with market forces that it would stifle economic growth.
Heather Boushey, one of Washington’s most influential economic voices, insists that rising inequality actually undermines growth in three ways. It obstructs the supply of talent, ideas, and capital as wealthy families monopolize the best educational, social, and economic opportunities. It also subverts private competition and public investment. Powerful corporations muscle competitors out of business, in the process costing consumers, suppressing wages, and hobbling innovation, while governments underfund key public goods that make the American Dream possible, from schools to transportation infrastructure to information and communication technology networks. Finally, it distorts consumer demand as stagnant wages and meager workplace benefits rob ordinary people of buying power and pushes the economy toward financial instability.
We can preserve the best of our nation’s economic and political traditions, and improve on them, by pursuing policies that reduce inequality—and by doing so, boost broadly shared economic growth.
Heather Boushey, Executive Director of the Washington Center for Equitable Growth, will discuss her forthcoming book Unbound: How Inequality Constricts Our Economy and What We Can Do About It.