published Apr 12th 2016, 12:46 pm, by Leonid Bershidsky (Bloomberg View) — The traditional center-left is in retreat in Europe, and to a somewhat lesser extent in the U.S. This could be seen as a failure of the centrist-socialist establishment, though it might make sense to see it from a

©2015 Bloomberg View NS3OC36JTSE8 (Bloomberg View) — One of the best-loved stories about the squeeze on middle-class incomes in the U.S. concerns the long- term divergence between wages and productivity. This goes as follows: Wages have stagnated for decades even as output and profits kept going up. Owners of capital