Trade Wars Are Class Wars — How Inequality Becomes a Global Imbalance
What looks like a trade conflict between nations may originate in the distribution of income within them.
Welcome to Crisis in Perception, where we examine the systems shaping our world.
Using Trade Wars Are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace by Matthew C. Klein and Michael Pettis as our lens, this investigation examines how domestic wealth transfers can create international economic instability.
Klein and Pettis argue that when workers and retirees receive too little of the income generated by an economy, household consumption…
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