MIDDLE CLASS ECONOMY
Obama's proposals towards "middle-class economics" and the recently released Economic Report of the President for 2015 highlight just how close the two countries are in their thinking about these issues and on how to make economic policies work more equitably for everyone. And yet, rather than coming together, the distance between the two countries has widened.
Globalization Helps the Rich & Asia While Hurting the Middle Class in the West. Here's What Can Be Done About It
Globalization has mostly benefited the rich and the rising Asian middle class at the expense of the middle class in the West. The choice would seem either plutocracy and globalization -- or populism and a halt to globalization. Another solution would imply more substantial redistribution policies in the rich world.
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