The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
The Nobel Prize winner and former World Bank chief economist believes both U.S. Democratic presidential contenders Hillary Clinton and Bernie Sanders are “right on” when it comes to the issue of income inequality. In a wide-ranging discussion he concedes that some Republicans get the problem, too.
from The Great Debate:
Once upon a time, during a brief egalitarian period in postwar America, people of different classes did not live in separate worlds. The promise of mobility and prosperity was alive throughout the land. In 1950, Walt Disney Productions was saved from bankruptcy with its smash hit Cinderella, which audiences cheered at a time when the future looked bright and it was still possible for the dream of marrying up to come true.