(a link to a short post) "The Feudal Lords of Finance"

 What’s wrong with high levels of inequality?
Simon Johnson address this question in the blog Baseline Scenario.com
To link to the post, click below: 
http://baselinescenario.com/2009/12/01/feudal-lords-of-finance/

• Simon Johnson, former chief economist of the International Monetary Fund, is a professor at the MIT Sloan School of Management, a senior fellow at the Peterson Institute for International Economics, and a member of the CBO’s Panel of Economic Advisers.  He is a co-founder of The Baseline Scenario, Simon Johnson and Jame Kwak are co-authors of the book 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown.