Over the past 200 years there’s been a large increase in the democracies worldwide. But these democracies have also seen a consistent increase in income inequality.
Recent data from economists show that in the United States, over 50 percent of Americans saw “their share of the total economic pie” shrink since the 1970s. Is “crony capitalism” an unavoidable feature of democratic systems? Jeffrey Winters from Northwestern University joins us to weigh in.