The Elephant in the Room--No, the Other Elephant

No one is going to finger extreme wealth inequality as the proximate cause of what's going down in the next decade, but that doesn't mean it isn't the tectonic cause.

Ah, yes, the elephant in the room, a problem that's 1) big and obvious and 2) can't be solved with the usual painless policy tweaks, so we act as if it's not there. Denial and delusion are the preferred "solution" because they work just fine until the elephant starts rampaging, at which point we blubber "no one could see it coming."

Yes, the elephant in …