This is a repost from 15 November 2016.
Just over two years ago I was in New York working with Larry Summers and Ed Balls to prepare a report for the Center for American Progress on inclusive prosperity. One morning I had the opportunity to walk the High Line and on the side of an old brick building was a large advertisement which read “the French aristocracy never saw it coming either.”
It was yet another reminder of the ground swell of support sweeping around the world for a more inclusive form of prosperity and it’s been an image seared in my mind ever since.
In early 2015 the Inclusive Prosperity Commission Report was published. Its first paragraph concluded that growing inequality is a threat to “the political system and for the idea of democracy itself”. (more…)