James K. Galbraith on the Human Cost of Inequality in the Neoliberal Age

We live in an age of growing inequality: The policies of neoliberalism and the financialization of economic life have created a social order in which the rich are continually getting richer at the expense of everyone else. It is hardly surprising, therefore, that the middle class is shrinking in many Western societies, while there is a dramatic drop in the standard of living for the majority of the working population, the young and the retirees. It is also hardly surprising that...read more.