Addressing Inequality’s Cause

Millman's view of the inequality debate:

Whether it is the result of deregulation or of continued government interventions (and I think it’s some of both), financialization has pervasively distorted incentives across the American economy. We need to tackle that problem directly, and not treat the financial sector as a cash cow that will either miraculously (if you’re a Republican) or through redistributive taxation (if you’re a Democrat) feed the rest of the economy.