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Study By MIT Economist: U.S. Has Regressed To A Third-World Nation For Most Of Its Citizens | The Intellectualist

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Institute For New Economic The richest large economy in the world, says Peter Temin, Professor Emeritus of Economics at MIT, is coming to have an economic and political structure more like a developing nation. We have entered a phase of regression, and one of the easiest ways to see it is in our infrastructure: our roads and bridges look more like those in Thailand or Venezuela than the Netherlands or Japan. But it goes far deeper than that, which is why Temin uses a famous economic model created to understand developing nations to describe how far inequality has progressed in...
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