oligarchy

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Nobel Prize-Winning Economist: We're Headed For Oligarchy

Rebecca J. Rosen | The Atlantic | April 25, 2014

In a recent interview at the Economic Policy Institute, Nobel Prize-Winning economist and MIT professor Robert Solow riffed on the political effects of increasing inequality and concentration of wealth at the very top. "If that kind of concentration of wealth continues, then we get to be more and more an oligarchical country, a country that's run from the top," he said.

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