Why Hasn't Democracy Slowed Rising Inequality?

  title={Why Hasn't Democracy Slowed Rising Inequality?},
  author={Adam Bonica and N. Mccarty and K. Poole and H. Rosenthal},
  journal={Journal of Economic Perspectives},
  • Adam Bonica, N. Mccarty, +1 author H. Rosenthal
  • Published 2013
  • Economics
  • Journal of Economic Perspectives
  • During the past two generations, democratic forms have coexisted with massive increases in economic inequality in the United States and many other advanced democracies. Moreover, these new inequalities have primarily benefited the top 1 percent and even the top .01 percent. These groups seem sufficiently small that economic inequality could be held in check by political equality in the form of "one person, one vote." In this paper, we explore five possible reasons why the US political system… CONTINUE READING
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