“It’s time we address the structural inequalities in our economy that the pandemic has laid bare,” President-elect Joe Biden said this week, as he introduced his economic team. But reversing “structural inequalities” is a fundamentally different challenge from reversing economic downturns. Wealth and power are inseparable – wealth flows from power and power from wealth. That means reversing structural inequalities requires altering the distribution of power. Lyndon Johnson did it in the 1960s with the Civil Rights and Voting Rights Acts, which increased the political power of Black people.

Source: The Guardian December 06, 2020 06:01 UTC