Inequality’s Dead End—And the Possibility of a New, Long-Term Direction
The crisis of inequality, in short, represents a tragic and painful failure of the old system and the old politics. It is also already proving to be a major stimulus both to build new institutions in the here and now and to begin to create a new, long-term, historically sophisticated politics. Such a politics would share the goals of the great progressive tradition but also steadily seek new ways and new institutional strategies to lay the foundations for a possible re-democratization—not only of politics but also of an economic system that powerfully shapes what can and cannot be done to achieve democratic and egalitarian outcomes.
Reading Development 