Thomas McGarity, “What Obama Left Out of His Inequality Speech: Regulation” (New York Times)

In a December 8 opinion piece, professor Thomas McGarity argues that income inequality is an outgrowth of deregulation.  Inequality can be addressed, in McGarity’s words, only if “political forces realign themselves and a new social bargain is struck under which the business community’s economic freedoms are once again constrained by a government that is more willing to impose greater responsibilities on powerful economic actors and a legal system that is capable of holding them accountable for the harm that they cause.”