Salvatore Babones: America Is Even More Unequal than It Seems
Differences in the ways people live are only partly determined by income. They’re also determined by the levels of government services provided to everyone.
Tag Archives: global inequality
Salvatore Babones: Austerity Syndrome: Suicides Are Only the First Symptom
Expect life expectancy in Greece and other austerity-hit countries to drop in coming years. Suicides are only the first symptom of austerity syndrome. The worst is yet to come.
Salvatore Babones: How Austerity Will Make Greece Cool Again
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.
Salvatore Babones: The Fundamental Problem in the Eurozone
The fundamental problem in the eurozone isn’t Greek debt or Spanish banks. It’s low German wages.
Salvatore Babones: European Austerity: Following in America’s Footsteps
Europeans must decide whether their societies are to be governed by the people, for the people or by the market, for the market.
United We Fall: Inequality on the Rise
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.
Salvatore Babones: The Greek Debt Crisis: What’s Going on in Europe?
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 [...]
The Global Millionaire Roll Showing No Slowing
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.
Don’t Ever Bet Against America’s Wealthy
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.