The Great Inequality

  • Michael D. Yates
Keywords: Political Economy

Abstract

Growing inequality of income and wealth have characterized the U.S. economy for at least the past thirty years. Today, this inequality has become a central feature of politics, both mainstream and within such radical uprisings as the Occupy Wall Street phenomenon. This essay attempts to uncover the roots of inequality, showing that the source of it is in the nature of the capitalist economy. The magnitude of inequality ebbs and flows with the balance of class forces, but great inequality is built into the system's fundamental structures.
Published
2012-03-01
Section
Review of the Month