English: 1896 Judge cartoon shows William Jennings Bryan/Populism as a snake swallowing up the mule representing the Democratic party. (Photo credit: Wikipedia) |
"There’s been a somewhat strange debate among progressives lately, with some arguing that populism and condemnations of inequality are a diversion, that full employment should instead be the top priority. As some leading progressive economists have pointed out, however, full employment is itself a populist issue: weak labor markets are a main reason workers are losing ground, and the excessive power of corporations and the wealthy is a main reason we aren’t doing anything about jobs."