what consumes me, bud caddell

Trumpism emerged from a haze of delusion, denial, pride, and cruelty—not as a historical anomaly, but as a profoundly American phenomenon. This explains both how tens of millions of white Americans could pull the lever for a candidate running on a racist platform and justify doing so, and why a predominantly white political class would search so desperately for an alternative explanation for what it had just seen. To acknowledge the centrality of racial inequality to […]

The authors find that the relationship between the growth in the size of companies and the level of inequality holds across the rich world. They looked at data from 1981 to 2010 on wages and the size of largest firms for 15 countries in the OECD, a club mostly of rich countries. The relationship between rising levels of income inequality and the size of firms was strong. This effect is particularly noticeable in America and […]