Friday, July 10, 2015

Wealth gap caused by "American government and politics"


"The winner-take-all economy— the hyperconcentration of rewards at the top that is the defining feature of the post-1970s American economy— poses three big mysteries: Who did it? How? And why? We have seen that the main suspect fingered by most investigators, Skill-Biased Technological Change, is at most a modest accomplice. Now, it is time to turn to the unusual suspect, American government and politics."

Hacker, Jacob S.; Pierson, Paul (2010-09-14). Winner-Take-All Politics: How Washington Made the Rich Richer--and Turned Its Back on the Middle Class (p. 41). Simon & Schuster. Kindle Edition.

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