The ongoing decline in market income inequality stopped in the 1980s. Since then it has been stable, while 1990 public policy actively increased disposable income inequality.
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Walter Scheidel’s The Great Leveler says that it is – almost.
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Another French economist contributes an uncommonly good book.
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One per cent of the world's population now control half its wealth.
The concentration of more and more resources in fewer and fewer hands has actually accelerated since the global financial crisis. This is no accident. It is the outcome of policy decisions made – or avoided – by political leaders either unable to learn the lessons of the crisis or unwilling to act on them.
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Recent publications suggest that the children who live at the bottom in economies with high inequality have reduced life chances.
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If a large majority of us are worried about inequality and National is making the problem worse, not better, why isn’t the Left doing better politically?
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