The "crime" wasn't committed by the market, but by . The story highlights a massive organizational shift starting around 1978:
In their book , political scientists Jacob S. Hacker and Paul Pierson present a "detective story" that investigates why American economic inequality has skyrocketed since the late 1970s. The Central Mystery: Who Stole the Middle-Class Dream? Winner-Take-All Politics: How Washington Made t...
This political muscle led to deregulated financial markets, tax cuts for the hyper-wealthy, and a system where "banks are organized; their customers are not". The "crime" wasn't committed by the market, but by
While labor unions and middle-class advocacy groups declined, corporate interests organized into powerful lobbying machines. The Central Mystery: Who Stole the Middle-Class Dream
Instead of a rising tide lifting all boats, they describe an economy where "yachts are rising, but dinghies are largely staying put". The Culprit: Organized Politics