'This division is not merely economic; it is also ideological'

'Stock ownership is what really divides Americans'

Matthew Walther at The New York Times

The "greatest division in American life" is "between those who own stock and those who do not," says Matthew Walther. For "those who do, economic security can be measured in portfolio statements; the rest — roughly 40 percent of Americans — must make do with such antiquated metrics as the cost of housing or even the price of eggs." The "result is a kind of ideological capture in which any policy...