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Inequality Threatens Growth and American Dream, Experts Warn

10/8/2025

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Summary

Story summary

International Monetary Fund (IMF) economists Andrew Berg and Jonathan Ostry say inequality undermines sustainable growth.
Inequality harms health, crime, democracy, and wages; it fuels a shrinking American Dream for younger Americans.
Phil Gramm says inequality is a natural product of competition and opposes equalizing interventions; Theda Skocpol notes inequality surged since the 1970s, aided by government contracts.

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Story summary

International Monetary Fund (IMF) economists Andrew Berg and Jonathan Ostry say inequality undermines sustainable growth.
Inequality harms health, crime, democracy, and wages; it fuels a shrinking American Dream for younger Americans.
Phil Gramm says inequality is a natural product of competition and opposes equalizing interventions; Theda Skocpol notes inequality surged since the 1970s, aided by government contracts.