In Episode 59 Tommy explores the idea that there is no true “Left” in America. He contends there is a “Left” that is growing and underrepresented in the narrative. But the “Left” is not what you might expect.
Mass Production Equals Mass Consumption
[R]elative shares in national income have remained substantially constant over the last hundred years. This, however, is true only if we measure them in money. Measured in real terms, relative shares have substantially changed in favor of the lower income groups. This...