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Thursday, July 14, 2005



not sure of the economists coverage of the 'growing political divide' in the US but the following on the 'economic divide' comes from 7/13/96.

"Two changes have fed this worry about meritocracy. The first is the widening gap between rich and poor. Since 1970, the incomes of the least educated 10% have fallen while those of the best educated 10% have surged. The left used to blame the widening income gap on Ronald Reagan's tax cuts and the "decade of greed". But the gap has grown even faster under Bill Clinton.

"The second change is the worsening condition of America's underclass.

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