Saturday, May 24, 2014

The ancient roots of the 1%

Heather Pringle

Don't blame farming. Inequality got its start among resource-rich hunter-gatherers

In 79 C.E., the year Mount Vesuvius destroyed it, Pompeii was not one city but two. Its wealthiest families owned slaves and lived in multistoried, seaside mansions, one of which was more than half the size of the White House. They dined in rooms with costly frescoes, strolled in private gardens, and soaked in private baths. Meanwhile, at least one-third of all Pompeiian households scraped to make ends meet, with families dwelling in single rooms behind workshops, in dark service quarters, or in small houses. Such economic disparities were common in the Roman Empire, where 1.5% of the empire's households controlled 20% of the income by the late 2nd century C.E., according to one recent study.

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