With political and business elites gathering for their annual retreat in Davos, a coalition of international groups is launching a series of efforts to battle the great economic divides these elites foster.
Is the world, as a whole, growing more or less unequal? Seems like this should be a fairly easy question to answer. But this simple question has no simple answer. Global inequality can be devilishly difficult to decipher.
We’ll only make significant progress against the absence of wealth at the bottom of our economic order, declares an ambitious new global campaign just launched by Oxfam International, if we confront the enormous concentration of wealth at our economic summit.
A year after the Rana Plaza tragedy, the building collapse that claimed over 1,100 lives, sociologist Robert Ross shows how the chase after cheaper manufacturing is causing ever rising inequality, low-wage misery, and unsafe workplaces the world over, the United States included.
Fox News may have failed to have an impact on the outcome of the 2012 Presidential election in the United States, but media organizations controlled by Rupert Murdoch celebrated a victory this year in Australia.
Among the world’s major nations, documents the UN agency dedicated to labor matters, only the United States currently has a level of inequality both high and rising. In Norway, about 70 percent of the nation rates as middle class. In the United States, only 52 percent.
Austerity is going to make Greece a cheap place to visit once the protests die down, and backpacker adventure tourists will make Greece a cooler destination than ever. But for most people, it’s much better to live in a rich social democracy than in a cool adventure tourism destination.
In the past, analysts at the OECD global think tank have consistently recommended tax cuts around the world. The incomes of the richest have now grown so large that even the OECD, in a major new report on developed world inequality, is urging tax increases.
As the economic news in the United States gets worse and worse every week, a lot of Americans are saying “at least we’re not Europe.” To read the press accounts, it sounds like Greece is plunging Europe into a second Great Depression. Greece is having trouble paying its debts, and many people are worried that […]
From the Boston Consulting Group, more evidence that the human race, as a whole, has never been richer. So why are governments forcing painful austerity on so many of the world’s peoples? In a word: inequality. We have, worldwide, plenty more of it.
Researchers at the Deloitte global financial consulting group have just calculated that the U.S. millionaire share of world millionaire wealth will most likely increase over the next decade. Overall, Deloitte projects, global millionaires will see their wealth rise by more than $100 trillion.