There are four types of lies: little lies, moderate lies, big lies and statistics. Inequality hides behind a subtle disguise, behind measurements of economic and social indicators. The big figures of macroeconomics, averages, measurements of per capita income usually give a deceitful picture, and conceal or fail to reflect the real world.
Published in El Cronista on October 29, 2019
Abraham Lincoln used to say that you can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time, particularly if you are fooling the very same people that you have deceived. Seguir leyendo Capitalist Democracy in the Region Is in Crisis