WINNERS AND LOSERS IN THE AMERICAN CAPITALISTIC ECONOMY: A PRIMER

Economists generally agree that the new global economy has raised living standards for people around the world. But they also acknowledge that it has suppressed the incomes of low-skilled workers in rich countries such as the United States. Indeed, some economists blame income inequality for the rise of the terrorist organization ISIS and for the increase in suicides among middle class white Americans. And the diminishing economic status of the American middle class is fueling voter unrest during the 2016 presidential...