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So here's the most important economic fact of our time.

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We are living in an age of surging income inequality,

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particularly between those at the very top

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and everyone else.

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This shift is the most striking in the U.S. and in the U.K.,

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but it's a global phenomenon.

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It's happening in communist China,

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in formerly communist Russia,

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it's happening in India, in my own native Canada.

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We're even seeing it in cosy social democracies

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like Sweden, Finland, and Germany.