By themselves, strong growth and low unemployment cannot wash away social divisions, any more than they can empower labor enough to substantively increase wages, to say nothing of raising the labor share of national income. The left must not be cowed into a narrow politics of income inequality and redistribution; it must look further, toward democratic control of capital itself.
Good summary. Agree completely with the article - it actually makes sense out of the blind spot that Dems had in this election. Plus that pointer on how Mexico bucked the worldwide trend theorectically gives Dems a pointer on how to recalibrate and take back the initiative.
Good summary. Agree completely with the article - it actually makes sense out of the blind spot that Dems had in this election. Plus that pointer on how Mexico bucked the worldwide trend theorectically gives Dems a pointer on how to recalibrate and take back the initiative.