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Thursday, August 4, 2011

The Crisis in Washington: Where We Are and How We Got Here - Jared Bernstein, The Atlantic - NationalJournal.com

But mostly, it's a story of destructive ideas (self-regulation, supply-side economics) amplified by powerful political forces to claim an ever-growing share of national output, such that by the end of this period, the share of income held by the top one percent--over 20 percent--was more than double its level before this brief history began. And this is, of course, a zero-sum calculation. Their gains in share were the bottom 99 percent's losses.





The Crisis in Washington: Where We Are and How We Got Here - Jared Bernstein, The Atlantic - NationalJournal.com