James B. Steinberg
Former Brookings Expert
There's a far greater concentration of wealth than there is a concentration of income. And that actually has quite a separate effect and impact on the economy.
[Macron] is not part of a left wing league in the West. He doesn't want to be called left wing, nor right wing. [And his roster of ministers suggests] this is actually a grand coalition of the center-left and center-right. Nothing like anything we've seen before. It's not a fake socialist or a fake conservative party, it's new.
The pace of economic globalization may slow, but this isn’t necessarily cause for great concern; the “bicycle theory” that globalization must continually be marching forward lest it come to a crashing halt is a cute metaphor, but there is little empirical evidence to suggest it’s true