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Why concentration of wealth makes the US economy fragile

Graham Watson

24th June 2021

Robert Reich argues here that Americans should be concerned by rising inequality, of both income and wealth, and the structural problems that this implies.

He goes as far as to argue that the government needs to look at tackling monopoly power, strengthening trade unions - and by definition the share of income gained by labour relative to capital, and trying to reduce the influence of big business on US politics.

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.

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