"One cause of the revolts in Tunisia and Egypt is popular outrage over the monopolization of wealth by a small cadre of elites.
"The grievances of the Middle East's dispossessed probably seem justified to most Americans, who view the region as a relic of feudalism and stomping ground for despots.
"But what about America itself?
"As has been widely noted over the past few days, income inequality in the United States is actually much worse than in Egypt, Tunisia, or Pakistan.
"Could the US government feel the push of inequality's domino effect?
Comparative prosperity seems to argue otherwise since, as a group, America's poor have about as much wealth as India's richest.
"Yet those arguments neglect some of the major disadvantages of being modestly middle class in a wealthy country: A much higher cost of living and a perceived need to keep up with the Joneses, which fueled the explosion of subprime home loans that caused the recession.
"'Global unemployment remains at record highs, with widening income inequality adding to social strains,' Dominique Strauss-Kahn, the chief of the IMF, said this week during a speech in Singapore, citing turmoil in North Africa as a prelude to what may happen elsewhere.
"'We could see rising social and political instability within nationseven war.'"
And he wasn't referring to banana republics exclusively.
As Go Egypt...
"The grievances of the Middle East's dispossessed probably seem justified to most Americans, who view the region as a relic of feudalism and stomping ground for despots.
"But what about America itself?
"As has been widely noted over the past few days, income inequality in the United States is actually much worse than in Egypt, Tunisia, or Pakistan.
"Could the US government feel the push of inequality's domino effect?
Comparative prosperity seems to argue otherwise since, as a group, America's poor have about as much wealth as India's richest.
"Yet those arguments neglect some of the major disadvantages of being modestly middle class in a wealthy country: A much higher cost of living and a perceived need to keep up with the Joneses, which fueled the explosion of subprime home loans that caused the recession.
"'Global unemployment remains at record highs, with widening income inequality adding to social strains,' Dominique Strauss-Kahn, the chief of the IMF, said this week during a speech in Singapore, citing turmoil in North Africa as a prelude to what may happen elsewhere.
"'We could see rising social and political instability within nationseven war.'"
And he wasn't referring to banana republics exclusively.
As Go Egypt...