Unfortunately, the similar argument can apply to the Korean situation in terms of the ral causes behind the growing income disparity. I have dealt with this issue in my books too. Policy does matter.
From Zero Hedge:
Echoing Elliott's Paul Singer's "greatest irony of politicians railing against inequality," former Reagan OMB Director David Stockman raged that when it comes to inequality, everyone can see the symptom, but "President Obama is clueless as to the cause," blasting that the problem is not capitalism, "the problem is in the Eccles Building and the 12 people sitting there thinking that zero interest rates are some magic elixir that will cause this very toubled economy to revive.! It won't, "these people are dangerous and destructive," Stockman exclaims, and sooner or later the inequality they have created is going to cause a huge political reaction.
http://www.zerohedge.com/news/2015-01-30/obama-clueless-inequality-david-stockman-rages-problem-fed
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