"Between what human beings so naively and stupidly fear and what they most profoundly ought to fear-i.e. what they so pathogenically and addictively do to their own selves-there is a horrendous gulf and disparity."

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Yes, over the centuries economic progress has reduced some gross disparities - modern Americans are relatively unlikely to simply starve to death (though it can happen), so in that sense the gap between rich and poor has narrowed. But the question isn't whether society is, in some sense, more equal than it was in 1900. It's whether it is radically more unequal than it was in 1970. And of course it is.

— Paul Krugman