Daily Clips: April 20th, 2016

How finance took over the economy: A thorough historical look at the rise of the financial sector in the US economy.

Bernie Sanders is (still) the future of the Democratic Party: Hillary Clinton may have won the battle last night in New York, but it is appearing that Sanders is winning the war. By this, I mean that while Clinton may get the nomination, Bernie Sanders’ policies ultimately represent the future of America’s left wing. As Yglesias notes:

But though Democrats are certainly the more left-wing of the two parties — the party of labor unions and environment groups and feminist organizations and the civil rights movement — they’re not an ideologically left-wing party in the same way that Republicans are an ideological conservative one. Instead, they behave more like a centrist, interest group brokerage party that seeks to mediate between the claims and concerns of left-wing activists groups and those of important members of the business community — especially industries like finance, Hollywood, and tech that are based in liberal coastal states and whose executives generally espouse a progressive outlook on cultural change.

Nearly half of Americans would have trouble finding $400 to pay for an emergency. 

Raising the minimum wage could give Democrats the economic edge:

This year, the presidential debate highlights voters’ concerns about stagnant wages and the nation’s economic position. Republicans continue to argue that the answer is helping the job creators, with cuts to business taxes and regulations. If more Democrats begin to press their economic argument about growth and prosperity along with the moral argument, they will take away one of the Republicans’ few advantages with voters on domestic issues.

Nick Cassella

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