Are We Seeing a Political Realignment?
Labor’s share of income is declining across countries; in the US, it fell from >63% in 2000 to <57% today. COVID accelerated this dislocation between labor and capital. The further the disconnect between labor and capital, the more resentment we see between them. GameStop was the greatest invasion of labor into capital since the Peasants’ Revolt – ... See more
John Luttig • Finance as culture
The fundamental dividing line between right-wing antiliberals and postliberals is capitalism.