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One analyst’s take on how the economic-equality gap got so large
Thursday, December 1st, 2011
Nov. 30, 201
Whatever shape the [Occupy] movement may take in the future, it might do well to adopt the recommendations in U.S. economist Dean Baker’s new e-book The End of Loser Liberalism as its policy manifesto… this inequality is the result of the neo-conservative revolution… of the rich using government intervention to funnel wealth from the vast majority to themselves… The neo-conservative policies… led to stagnating wages for the majority, sagging domestic demand and, consequently, less incentive to reinvest in domestic production. The growth engine of the U.S. economy shifted instead to “bubbles”…
Tags: budget, economy, featured, globalization, ideology, standard of living, tax
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