[lbo-talk] Naomi Klein Goes Daft

[Michael Perelman]

A millionaire, a billionaire, and a homeless person represent our sample.  The 
millionaire has less then the average income.  Also, in a more realistic sample, it 
depends how you define wealthy whether she could be correct.

On Tue, Feb 05, 2008 at 04:33:13PM -0500, Doug Henwood wrote:
> 
> On Feb 5, 2008, at 4:22 PM, Joseph Catron wrote:
> 
> > "Even in the wealthy United States, most people earn less than the
> > average income."
> >
> > http://www.thenation.com/doc/20080218/klein
> 
> Hmm, she really needs to study some economics. This would be true if  
> you substituted "mean" for "average."
> 
> But on the redistribution front, she also needs to study some  
> American history. Expropriation has rarely been popular here.
> 
> Doug
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-- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu
michaelperelman.wordpress.com