Income Stagnation

How Globalization Set the Stage for the 2008 Economic Collapse

Robert Creamer | Posted 05.25.2011

Robert Creamer

A good case can be made that the massive globalization of labor and financial markets, coupled with "free markets uber alles" policies, formed a toxic mixture that made the collapse inevitable. Here's why.

Elections in the New Great Gatsby Era

Loretta Napoleoni | Posted 05.25.2011

Loretta Napoleoni

When wealth becomes so concentrated in the hands of so few, economists speak of "income stagnation," a phrase that neither of the candidates in the running has ever used.