> This reverse in inequality isn't some inevitable fact of economies
Maybe an inevitable fact of human behaviour.
> a result of changing government policies, globalization, and the loss of power of labor, engineers, and professionals.
I completely agree that these are the reasons why we've regressed.
There is a tendency for capital to be more valuable than the results of labour, which should theoretically be offset by diminished returns on capital. However the theoretical natural state of economies is disrupted by the fact that those with means will change the laws and tilt things in their favour. It's this fact (which we could accurately call corruption, which we've institutionalized as 'lobbying') that makes inequality inevitable.
In brief I disagree. More the product of determined coalitions and misinformation. Things we can change, regardless.
> There is a tendency for capital to be more valuable than the results of labour,
Ironically I think capital is far less valuable than labor at the moment, partly because valuable labor is far scarcer. I suspect capital's value is being artificially propped up, but I'm not sure of the cause.
> ...those with means will change the laws..
The citizens of any republic must remain vigilant, but more people need to realize that getting a bigger slice isn't worth it when you're shrinking the pie.
Maybe an inevitable fact of human behaviour.
> a result of changing government policies, globalization, and the loss of power of labor, engineers, and professionals.
I completely agree that these are the reasons why we've regressed.
There is a tendency for capital to be more valuable than the results of labour, which should theoretically be offset by diminished returns on capital. However the theoretical natural state of economies is disrupted by the fact that those with means will change the laws and tilt things in their favour. It's this fact (which we could accurately call corruption, which we've institutionalized as 'lobbying') that makes inequality inevitable.