William Greider | Born-Again Rubinomics

"It's a big deal when Robert Rubin changes the subject and begins to talk about income inequality as 'a deeply troubling fact of American economic life' that threatens the trading system, even the stability of 'capitalist, democratic society,'" writes William Greider. "More startling, Rubin now freely acknowledges what the American establishment for many years denied or dismissed as inconsequential - globalization's role in generating the thirty-year stagnation of US wages, squeezing middle-class families and below, while directing income growth mainly to the upper brackets."

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