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hyperconcentration

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Examples

  • The winner-take-all economy—the hyperconcentration of rewards at the top that is the defining feature of the post-1970s American economy—poses three big mysteries: Who did it?

    Winner-Take-All Politics

  • From 1979 until the eve of the Great Recession, the top one percent received 36 percent of all gains in household income—even after taking into account the value of employer-sponsored health insurance, all federal taxes, and all government benefits.8 We will examine this “DNA evidence,” which provides irrefutable proof of the hyperconcentration of economic gains at the top, in the next chapter.

    Winner-Take-All Politics

  • Truly reversing the stark trend toward economic hyperconcentration at the top will take more than concerted and sustained government action to improve the economic standing of the middle class.

    Winner-Take-All Politics

  • Florence and its hyperconcentration of artistic talent provide a picture of the way other forms of creativity converged on the dining table.

    Delizia!

  • Changes in information technology have fostered more concentrated rewards in fields of endeavor, such as sports and entertainment, where the ability to reach large audiences is the main determinant of economic return.5 Computers, increased global capital flows, and the development of new financial instruments have made it possible for savvy investors to reap or lose huge fortunes almost instantly—a point first made by Sherwin Rosen and elaborated by Robert Frank and Philip Cook in their 1995 book, The Winner-Take-All Society.6 But such technologically driven explanations have little to say about why the hyperconcentration of income at the top has been so much more pronounced in the United States than elsewhere.

    Winner-Take-All Politics

  • The hyperconcentration of income in the United States—the proximate cause of the death of America’s broad-based prosperity—is a relatively recent development.

    Winner-Take-All Politics

  • If there is one thing on which most economic experts seem to agree, it is that government and politics can’t be much of an explanation for the hyperconcentration of American incomes at the top.

    Winner-Take-All Politics

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