Economy

AlterNet / By Gerald Friedman

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The Great Capitalist Heist: How Paris Hilton's Dogs Ended Up Better Off Than You

Elites say that we need inequality to encourage the rich to invest and the creative to invent. That's working out well -- for 1% pooches.

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That's enough to buy a nice doghouse. Or a mansion in Greenwich.

Gerald Friedman teaches economics at the University of Massachusetts, Amherst. He is the author, most recently, of "Reigniting the Labor Movement" (Routledge, 2007).

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