Progressives, liberals, even some conservatives, myself included, and including economists in each label, will agree with Baker's somewhat simplistic formulation. But all will, or should, feel a at least a twinge of a problem, an omission, a sense, that the "business leaders and elites" may be correct, in asserting that the fundamental direction of inequality trends are objective, systematic, an unchangeable tendency of globalization and technology. The omission is: this is the same as saying "there is a problem with the capitalist system". As other leading progressive economists have also been saying -- Piketty, Rodrik, DeLong, et al -- capitalism must by systematically reformed, and the solutions must be both national specific and global. All three folks named above are social democrats of various stripes. They are NOT advocating overthrowing capitalism, but they ARE now saying fundamental, structural reforms are required to stabilize tendencies that warn of unendurable catastrophes.
Why is Populism on the Rise and What do Populists Want?
-- via my feedly newsfeed