"Over the past half century, democracies around the globe have become more unequal, while in the past quarter century, democracy in many countries has frayed. It turns out that these two trends are related: the more unequal a country's distribution of income, the more likely its democracy is to erode. Therefore, policies that reduce income gaps are not only important on economic and moral grounds; they are also an invest ment in the resilience of global demo.."

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