... since reversion to a system of regulatory permission required for large cross-border capital transfers would also prevent capital flows from systematically reinforcing inequality.

That is, after all, what was in effect during the 1950's and 1960's, when persistent systematic declines in national income inequality was far more common than today.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.