2 DIFFERENT KINDS OF CAPITALISM

Prof. Emmanuel Sanz and Prof. Chiaki Moriguchi have compared income concentration in the U.S. and Japan and find that concentration is much higher in the U.S. Now, no one can claim that Japan isn't a capitalist society, so those who worry about income distribution are not "radical leftists."

Top 1% Wage Income Share in Japan and the United States, 1929-2005