"Confronting Inequality" by Paul Krugman. Essay
In his article "Confronting Inequality" Paul Krugman is asserting the fact of high socioeconomic inequality in the United States, while demonstrating its consequences and the variety of statistic evidences upon it. He is depicting modern American society where we have a huge gap between economic elite and lower-and middle-income classes. There is a time for ''a Great Moderation" reforms that will bring a socioeconomic equality. I agree, that economical inequality brings the social inequality, where as a result, we would have a society of unequal opportunities. And this situation directly influence the future of the children, their chances to succeed in their lives and careers. We can clearly see that children with high status are more likely to finish the college. The statistic that we are presented in the article states income inequality results in that "class-inherited class - usually trumps talent": smart kids from lower-class families lose when in a competition with kids from rich families. And to be honest, I don`t need its statistic results to witness this inequality myself. Even though my evidence comes from years in Russian school, i think my experience is relevant, the social inequality is same everywhere. I was attending the college there and we had RDK (rich dumb kids) too who have a much less stressful entrance into the college, due to their parent income. And school years were eased up for them also, because the money they got could buy them good final exams result. While other kids, who were talented but much less rich had to study hard to get the same results. That is not the beginning of good friendship between the kids, that will later become high and middle classes members and will carry this inequality even further. We can see how middle class families are desperate to give the children good education and while the desirable school districts shrink in numbers and become more expensive, these families are doomed to get in debt spending on