Show Notes
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#GreatCompression #incomeinequalityintheUnitedStates #movementconservatism #NewDealsocialsafetynet #universalhealthcare #TheConscienceofaLiberal
The Conscience of a Liberal is a nonfiction book by economist Paul Krugman that combines economic history, political analysis, and policy argument. Published in 2007, it examines the long rise and fall of income inequality in the United States, with particular attention to the mid 20th century period Krugman describes as the Great Compression and the renewed widening of the gap since the 1970s. Rather than treating inequality as a natural outcome of technology or globalization alone, the book argues that public institutions, labor power, social norms, and political choices have been decisive. Krugman also places modern American conservatism at the center of the story, tracing how anti New Deal politics, racial division, and appeals to small government helped reshape the economic landscape. The book is both an explanation of how inequality returned and a defense of progressive policy, especially a renewed social safety net and universal health care.