We have become a profoundly unequal society. That reality is explored in new detail in a recent study from the Institute for New Economic Thinking (INET). Even more importantly, the INET study shows that it will take a dramatic shift in policy to restore the equilibrium. Unless we can build momentum for a new political agenda, we’ll be divided into a small minority with fabulous wealth and a permanent underclass with few hopes or prospects.
Unfortunately, our mainstream political dialogue shows no sign of adapting to these realities. As the INET study confirms, mainstream Democratic ideas won’t protect us from this dismal future.