Globalization has brought huge overall benefits, but earnings for most U.S. workers — even those with college degrees — have been falling recently; inequality is greater now than at any other time in the last 70 years. Whatever the cause, the result has been a surge in protectionism. To save globalization, policymakers must spread its gains more widely. The best way to do that is by redistributing income.
Kenneth F. Scheve and Matthew J. Slaughter
From Foreign Affairs, July/August 2007
It seems the neo-liberal plans for the world are coming undone and, god forbid, they may be on the verge of calling for universal health care in the United States or something. Talking about “redistributing income” was once political…
