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History shows that excessive inequality brings economic deadlock.
But excessive inequality holds people back and stifles consumption.
Here's the key section of her speech: Fundamentally, excessive inequality makes capitalism less inclusive.
History clearly points to the social and political explosions caused by excessive inequality.
In a well-reported speech this year, International Monetary Fund managing director Christine Lagarde spoke of the risks of excessive inequality.
She noted reducing excessive inequality "by lifting the small boats is not just morally and politically correct, but it is good economics".
Similar(40)
Few were ready to admit that the advanced economies had bet the farm on the wrong growth model, much less that they should look to the emerging economies for insight into structural impediments to growth, including debt overhangs and excessive inequalities.
If true, this calls into question whether preventing excessive inequalities is likely to reduce the frequency or intensity of envy.
Libertarianism does not assure all citizens sufficient means to make use of their basic liberties, and it permits excessive inequalities of wealth and power.
Second, he suggests that background institutions (including a competitive economy) make it likely that excessive inequalities will not be the rule.
And to mix my metaphors -- societies come apart at the seams when the slicing of a shrinking pie results in excessive inequalities that rend the social fabric.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com