
108. Ninety-Eight Years of Economic Wisdom
People I (Mostly) Admire
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The Interplay Between Economic Inequality and Political Inequalities
The worsening economic inequality in the United States is rooted in the interplay between economic inequality and political inequality. This interplay has led to the concentration of wealth in certain industries, such as the financial sector, through deregulation. This economic inequality further fuels political power imbalances, as those in power pass laws and cultivate customs that benefit themselves. This cycle perpetuates extreme wealth alongside extreme poverty, leading to immoral consequences and negative societal impacts.
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