In this post my friend Jonathan Finegold Catalán makes an observation that I think some of you guys would find interesting, as it harks back to the free market v. interventionism. If we accept growing income inequality as an obvious reality that we have to deal with, we can study what has caused the growing income gap. We see that both the median income and GDP per capita has risen, which leads me to conclude that it could be a real possibility (pending further empirical studies) that the reason why there is greater income inequality is not because the rich are earning more than the poor at an accelerating rate, but because government interventions have cracked down on competition — this means that the top 1% is shrinking; less people are competing for the same size total income. So, these people are earning more, but not really at the expense of the “the poor,” just at the expense of each other. This is not good for “the poor,” but it is not as bad as a lot of liberals like to claim.