New Gilded Age or Old Normal?

Zabala, Craig Anthony; Luria, Daniel

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Journal Article

New Gilded Age or Old Normal?

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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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https://americanaffairsjournal.org/2019/08/new-gilded-age-or-old-normal/
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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: https://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…