Senator Elizabeth Warren is tipped as a likely Democratic presidential candidate in 2020. She is seen as being on the ‘left’ of the Democratic Party, a radical fighting against the powerful rich and Trumpism in all its forms. To promote that image, she has unveiled legislation aimed at reining in big corporations, redistributing wealth, and […]
Archivo para la Categoría "Desigualdad"
There is a book sweeping the popular media at the moment. It’s called Factfulness. It purports to argue that, contrary to the conventional wisdom, the world is becoming a better place. Poverty is falling, life expectancy is rising; health levels are improving; people have more things and better services. Even violence and wars are in […]
a través de Rising world inequality — Michael Roberts Blog
When it rains, it pours. Hurricane Maria hit the island of Puerto Rico off the US mainland leaving the country devastated with no power, no food and water. Puerto Ricans are US citizens, as the island is officially a ‘US territory’ – in effect, a colony like the French overseas territories. But the US mainland […]
Top 1% of adults own 51% of the world’s wealth; top 10% own 89%; and bottom 50% own only 1%. — Michael Roberts Blog
The top 1% of the adult wealth holders in the world own 51% of all global wealth, while the bottom half of adults own only 1%. Indeed, the top 10% of adults own 89% of all the world’s wealth! This is the new figure reached for 2016 by the annual Credit Suisse global wealth report. […]
Branco Milanovic is the former chief economist at the World Bank, where he became recognised as the expert on global inequality of incomes. After leaving the bank, Milanovic wrote a definitive study on global inequality which was updated in a later paper in 2013 and finally came out as a book last year, Global Inequality. In […]