Scene on Radio S7 E7: Gilded Age 2.0
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Jul 31, 2024 
Nancy MacLean, a historian focused on democracy and economic inequality, joins Edward Balleisen, an expert in regulation history, economist Brad DeLong, corporate responsibility advocate Marjorie Kelly, and policy analyst Oren Cass. They unravel how neoliberalism has shaped the perception of a rigged economy, dissecting its origins and Reagan's lasting legacy. The discussion explores labor disparities, financialization's role in wealth inequality, and the impact of globalization on American jobs, uncovering the complex threads of economic dissatisfaction in contemporary society.
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Rigged Economy
- Many Americans feel the economy is "rigged", but their reasoning varies.
- Some consider official data; others focus on personal struggles like affording rent or climate change.
2016 Poll
- A 2016 poll revealed widespread agreement that the economy is rigged.
- Most respondents blamed the wealthy, politicians, banks, corporations, and trade deals.
2016 Candidates
- During the 2016 campaign, both Trump and Sanders called the economy rigged.
- This discourse reflects ongoing discussions about neoliberalism and globalization's impact.