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This week brings us to one of the core problems of widening inequality — the inevitability that concentrated income and wealth at the top comes with political power. This creates a vicious cycle by which the super-rich have enough power to get changes in the rules of the game — changes that make them even richer and more powerful, which enables them to make further changes. And so on.

The questions I’ll be addressing this week: How does economic power translate into political power? How does political power generate more economic power? How much of the phenomenon of widening inequality is due to this vicious cycle? Also: What’s the difference between “pre-distribution” and “redistribution” of income and wealth? In what ways are income and wealth now pre-distributed upward?

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