How the Widening Wealth Gap Is Empowering the Populists of 2016

History Professor Eric Rauchway quoted in Bloomberg.

Imagine a country where people in the economic top 1 percent scoop up more than one-fifth of all income, those in the top 10 percent control almost 80 percent of wealth, and wages for those in the middle barely budge over four decades.

“For Sanders to try this now is going to strike people as slightly more plausible than if he’d tried it even in 2004 before the great economic unpleasantness” of the financial crisis and recession, said Eric Rauchway, an economic historian at the University of California-Davis.

Read more at the Bloomberg.