Noteworthy: prescriptions on inequality
Worth reading: A joint American-British report today prescribed new policies aimed at reducing the growing gulf between haves and have-nots in Western democracies, using case studies from several countries. The middle class has not fared well lately in advanced economies roiled by globalization, technological change and a shift in economic power from people to corporations, said the report. Headed by Lawrence Summers and Lawrence Balls, it said “economic growth, even coupled with productivity growth, is no longer enough to ensure middle-class income growth.” It called for “progressive public policy choices … to ensure that all of their citizens share in economic