““Inequalities are inevitable under capitalism, but no other advanced economy has such a hyperconcentration of wealth. In fact, as we’ve seen, America looks far different from its own past. The contrast between America in the era of the New Economy and America in our earlier era of middle-class prosperity is stark. Business leaders contend the fault lies with technology and globalization, but as we’ve seen, other countries such as Germany enjoy more widely shared prosperity than the United States. The primary cause of middle-class stagnation lies in the wedge economics practiced by business leaders.””
