October 18th, 2011

The Rich and the Rest

Foreign Affairs coverage of economic inequality and its effect on the American social contract.

Broken contract

The Broken Contract

By George Packer (New Yorker staff writer)

Like an odorless gas, economic inequality pervades every corner of the United States and saps the strength of its democracy. Over the past three decades, Washington has consistently favored the rich — and the more wealth accumulates in a few hands at the top, the more influence and favor the rich acquire, making it easier for them and their political allies to cast off restraint without paying a social price.



Why the Rich Are Getting Richer

By Robert C. Lieberman

Increasing inequality in the United States has long been attributed to unstoppable market forces. In fact, as Jacob Hacker and Paul Pierson show, it is the direct result of congressional policies that have consciously — and sometimes inadvertently — skewed the playing field toward the rich.

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  8. charlesthetrex reblogged this from tannoreth and added:
    I’ve read both of these for my macroecon class and they were very enlightening for some reason
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  10. tannoreth reblogged this from foreignaffairsmagazine and added:
    Only the second one is available for people without a subscription but these are good essays.
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