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When this coincided with reckless behavior of many European governments the result was a massive stagnation of economies.
If we zoom out, advanced economies like the US, UK, and Japan are seeing massive stagnation.
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I grew up in a postwar Britain where things always got better, but now people struggle and Jeremy is the only candidate to offer a way out of our economic stagnation: massive investment to modernise our transport, upgrade our broadband to match the speed you get in the Far East, and, most important of all, build hundreds of thousands of homes.
And no matter what actually drove each assailant, Europe's fast-growing populist, anti-immigrant and law-and-order parties – already riding high on anxieties fuelled by prolonged economic stagnation, a massive influx of refugees and migrants, and atrocities in Paris and Brussels that claimed 180 lives – plainly see electoral potential.
The governor faulted Obama for nagging wage stagnation, a massive national debt, a health care program "that has made insurance less affordable," and "chaotic unrest in many of our cities".
"The issues of the moment — income stagnation, climate disruption, massive demographic shifts and health care access — seem strange, unexplored land for many in the movement".
THE imminent Scottish referendum is an interesting test case for the thesis advanced in this blog and elsewhere - that economic stagnation and the massive unpopularity of national politicians create a threat to Western democracy.
The only way you wouldn't get a combination of massive inequality growth and middle class stagnation is if the innovations of the financial sector supercharged the economy so powerfully that the overall pie was bigger for everyone.
But there is a much deeper cancer that underlies the current crisis and the eight year long stagnation of American incomes: a massive increase in the concentration of wealth.
"The causes of the massive rise in inequality that we've seen that have caused stagnation for the middle class — stagnation at best — for the past 20 or 30 years are not likely to abate," said Alan B. Krueger, the chairman of the White House's Council of Economic Advisers.
For massive enterprises, unbundling represents a key countermeasure against inertia and stagnation, as well as a valuable strategy to battle more agile competitors — innovative startups who aren't bogged down by the same legacy technical debt and the engineering bureaucracy that comes with it.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com