November 03, 2006

Distribute the gains but also try to avoid their concentration

Sir, in your “Politicians must focus on middle America” November 3, you identify other causes for the stagnation of their real income than the migrant or foreign worker, such as “the rise of winners take all markets” and for which you should be commanded. You then suggest (to democrats) that we need to be very careful not killing off globalization, as it generates many benefits but also (to republicans) that we need to redistribute the benefits better from winners to losers, through higher taxes. Given that the market value of many public services franchises and of the “winners-take-all-markets” are in some cases so extraordinary high that it proves the absence of a real regulator, may we also suggest that some more efforts are invested in avoiding the concentration of those profits that you suggest to afterward tax.