Rigged · How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer

Rigged · How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer
Authors
Baker, Dean
Publisher
Center for Economic and Policy Research
Tags
politics
ISBN
9780692793367
Date
2016-10-06T00:00:00+00:00
Size
5.27 MB
Lang
en
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There has been an enormous upward redistribution of income in the United States in the last four decades. In his most recent book, Baker shows that this upward redistribution was not the result of globalization and the natural workings of the market. Rather, it was the result of conscious policies that were designed to put downward pressure on the wages of ordinary workers while protecting and enhancing the incomes of those at the top. Baker explains how rules on trade, patents, copyrights, corporate governance, and macroeconomic policy were rigged to make income flow upward.