A new research paper says that during the Cold War, the looming threat of communism caused capitalist countries to keep inequality low: “The results suggest, as reinforced by some cases studied, that the spread of communism fostered deals between domestic elites and workers that redistributed the gains from capital in… Read more

Thanks to persistent low unemployment, labor’s share of income, which has been declining for decades due to capital’s victorious class war, could finally be set to rise—“and that could spell trouble for corporate profit margins and the share prices that are ultimately dependent on them.” GOOD.