Too much inequality isn't good

As they say, everyone tries to keep up with the Joneses. It's a universal phenomenon. But, depending on where you slot yourself in the class ladder, your set of Joneses may be different from mine. Rajat Gupta's set was definitely different. Those who are born super-rich learn to chase their Joneses in a separate league from you and me. But when does a middle-class Kolkata lad, who makes it really big in global corporate life, change his priorities to move beyond middle-class aspirations and crave to play in the super league? A super league player might say: "You won't understand because you are not in that league." But we can wonder.

Read Full Story>>