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Craig Zabala

Craig Zabala is CEO of Concorde Group Holdings and visiting researcher at the Max Planck Institute for the Study of Societies in Cologne, Germany. Formerly, he was an economist at the U.S. Departments of Commerce and Labor and an assembly line worker at General Motors.
Articles by Craig Zabala

New Gilded Age or Old Normal?

Since the mid-1970s, inequality has increased under Democratic as well as Republican administrations and Congresses. In retrospect, the four and a half decades from 1933 to 1978 were a historical aberration. The longer-term trend toward more inequality in capitalist economies, which prevailed before this period, has re­sumed after it. That leads us to conclude that there may well be no technocratic or tax policy fix for capitalism’s tendency to generate ever more inequality…

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