“Plutocrats were the chief beneficiaries of so-called neoliberalism and...” — Chrystia Freeland Quote

Plutocrats were the chief beneficiaries of so-called neoliberalism and the suite of political changes it brought beginning in the late 1970s - deregulation, weaker protection for unions, the shareholder value movement, and the subsequent inflation of executive compensation.

Western investment is usually assumed to walk hand-in-hand with the democratic values of its home countries, and indeed, opening an economy to outside money is one of the textbook steps in a shift from authoritarianism to an open society.

Sometimes, the aftermath is more devastating than the storm. That is the story of the 2008 financial crisis. It was disastrous at the time, but what has been worse is how long it has lingered.

The main point of democracy is to deliver positive results for the majority.

I'm benefitting from the sacrifices and seeds sown by Shirley Chisholm, John Lewis, and so many others. Those of us who are beneficiaries owe it to have a season of service in which we try to give back.

Politicians know that structural reforms - to increase competition, foster innovation, and drive institutional change - are the way to tackle structural impediments to growth. But they know that while the pain from reform is immediate, gains are typically delayed and their beneficiaries uncertain.

In pursuit of pragmatic, big ideas like universal pre-k, progressives are more than willing to talk about entitlement reforms that don't hurt beneficiaries.

Mobility will be one of the major beneficiaries of population growth in the world.