Plutocracy, Paralysis, Perplexity - NYTimes.com
For the past century, political polarization has closely tracked income inequality, and there’s every reason to believe that the relationship is causal. Specifically, money buys power, and the increasing wealth of a tiny minority has effectively bought the allegiance of one of our two major political parties, in the process destroying any prospect for cooperation.
Krugman on income inequality.
(Noted by our Midwest bureau)
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