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Journal Article

New Gilded Age or Old Normal?

MPS-Authors
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Zabala,  Craig Anthony
Projekte von Gastwissenschaftlern und Postdoc-Stipendiaten, MPI for the Study of Societies, Max Planck Society;
Concorde Group, New York, NY, USA;

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Citation

Zabala, C. A., & Luria, D. (2019). New Gilded Age or Old Normal? American Affairs, 3(3), 18-37.


Cite as: http://hdl.handle.net/21.11116/0000-0004-8116-1
Abstract
Since the mid-1970s, inequality has increased under Democratic as well as Republican administrations and Congresses. In retrospect, the four and a half decades from 1933 to 1978 were a historical aberration. The longer-term trend toward more inequality in capitalist economies, which prevailed before this period, has re­sumed after it. That leads us to conclude that there may well be no technocratic or tax policy fix for capitalism’s tendency to generate ever more inequality…