On the Path to Plutocracy

Washington Post columnist E. J. Dionne listed some things we’ve learned from having lived through 2020, among them that “while millions of Americans suffered economically, a significant part of our citizenry — particularly those with large stock holdings — got richer.” Income and wealth inequality, already an obscene ratio a year ago, significantly worsened in 2020. It will be a great blessing if we can reverse this trend, and a great tragedy if it continues.