Indias rigid social structure limits intergenerational economic mobility and fosters acceptance of vast wealth disparities.
Steven RattnerThe weak economy, widening income inequality, gridlock in Congress and a presidential election: Those were perhaps the dominant economic and political themes of 2012.
Steven RattnerNot surprisingly, troubled economic times often beget proselytizers of wacky, extreme ideas.
Steven RattnerFinally, let's keep well in mind the most important lesson of the auto rescue: While government should stay away from the private sector as much as possible, markets do occasionally fail, and when they do government can play a constructive role, as it did in the case of the auto rescue.
Steven Rattner