iCitizenForum by Colonial Williamsburg

Social Equality and Democracy

Alan Greenspan, former chairman of the Federal Reserve System, has been touring America promoting his biography. One little publicized argument in his book is that growing wealth inequality is a threat to democracy. Greenspan argues that the growing gap between rich and poor in the U.S. could bring civil disorder. His solution is to improve education so that people get higher paying jobs, thus eliminating the need for social welfare programs.