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So how could inequality rise so sharply since the 1990s, despite the stability of the wage-profit split? First, because the wage structure has shifted markedly in favor of very high wages. While the vast majority have seen most of their wage increases absorbed by inflation, very high salaries—espec…

After the calamitous Hoover presidency, mired for three years in a 'liquidationist' strategy aimed at letting 'bad' banks fail one after the other

the only lasting solution is to mutualize our debt, to create a common debt (i.e., 'eurobonds')