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The Economy Isn't Broken
Middle-class wage stagnation is the biggest economic fact driving American politics. Over the past many years, so the common argument goes, capitalism has developed structural flaws. Economic gains are not being shared fairly with the middle class. Wages have become decoupled from productivity. Even when the economy grows, everything goes to the rich. This account of reality, which I’ve certainly repeated, explains why the Democratic Party has moved from the Bill Clinton neol