"Any economic model that does not properly address inequality will eventually face a crisis of legitimacy. Unless the relative economic roles of the market and the state are rebalanced, the protests of 2011 will become more severe, with social and political instability eventually harming long-term economic growth and welfare.."
Great Project Syndicate article by Roubini. I wonder how long he will remain one of the stars on CNBC.
Via Willy De Backer