We have a structure that predetermines winners and losers. We are not getting the benefits of all the people who could contribute to the growth of the economy

AGR Daily News

Study By MIT Economist: U.S. Has Regressed To A Third-World Nation For Most Of Its Citizens – The Intellectualist

The parallels are unsettling. As noted by the Institute for New Economic Thinking:

In the Lewis model of a dual economy, much of the low-wage sector has little influence over public policy. Check*. The high-income sector will keep wages down in the other sector to provide cheap labor for its businesses.* Check*. Social control is used to keep the low-wage sector from challenging the policies favored by the high-income sector.* Mass incarceration – check*. The primary goal of the richest members of the high-income sector is to lower taxes.* Check*. Social and economic mobility is low.* Check*.*

Temin describes multiple contributing factors in the nation’s arrival at this place, from exchanging the War on Poverty for the War on Drugs to money in politics and systemic racism. He outlines the ways…

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