Tuesday, January 31, 2012

FLORIDA PRIMARY RESULTS



Jared Bernstein

Jared Bernstein: Inequality, the Middle Class, and Growth

Senior Fellow, Center on Budget and Policy Priorities
The trickle-down, deregulatory agenda presumes that the economic growth chain starts at the top of the wealth scale and "trickles down" to those at the middle and the bottom of that scale. Problem is, that hasn't worked. As more income, wealth, and power is concentrated at the top of the income scale, narrow coalitions form to influence policy decisions in ways less likely to promote overall, or middle-class, well-being, and more likely to favor those with disproportionate power and resources. In the current economics debate, we clearly see these dynamics playing out again and again. It's now time to start thinking about new economic models to replace the old, worn out ones.

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