Tag Archives: wealth

Why Is It So Hard for Democracy to Deal With Inequality?


A fundraiser for Hillary Clinton in New York in Sept. 2016. In theory, in a democracy, the majority should influence — some would even say determine — the distribution of income. In practice, this is not the case.

Over the past few decades, political scientists have advanced a broad range of arguments to explain why democracy has failed to stem the growth of inequality.

Most recently, Thomas Piketty , a French economist who is the author of “ Capital in the Twenty-First Century ,” has come up with a straightforward answer: Traditional parties of the left no longer represent the working […]

UK economy ‘must get more efficient’, says IMF


Britain faces years of sub-par productivity growth if it does not reform housing, education, pensions and infrastructure, according to the IMF, headed by Christine Lagarde Credit: CHRISTOPHER PIKE/REUTERS Britain must make sweeping reforms to pensions, the planning system, infrastructure, education and training, and research and development if it wants to boost economic growth in the years to come, the International Monetary Fund has warned.

Productivity and GDP growth have been relatively weak since the financial crisis, compared to historical levels and relative to other rich economies.

They will stay that way unless serious action is taken.The IMF predicts annual GDP growth […]

Opinion: Challenging India’s increasing inequality – Comment,Politics & Economics,South Asia


India is a country I visit frequently; I long ago fell for its charm, its rich culture and the warmth of its people. Now, there is a vibrancy to its economy to match its undeniable spirit. It is one of the fastest growing in the world with a GDP growth of 7.8 percent (The Economist, 2018) that, in spite of some slowing down, is projected to overtake both the UK and French economies in 2018 and become the fifth largest economy in the world. Latest estimates from the World Economic Forum in Davos indicate that India’s contribution to global […]

NOAH SMITH: Zero-sum thinking is just another way that war is waged

Image: 123RF/ nito500

Image: 123RF/ nito500 Remember “war”? That thing where countries (or kings, or religions) would gather up a bunch of people, give them weapons, and have them slaughter each other and pillage the countryside? For most of the past 3,000 years, war was a more-or-less constant feature of human life. Psychologist Steven Pinker, in his book “The Better Angels of Our Nature: Why Violence Has Declined,” chronicles the transition from a world where violence was the norm to one where it’s a startling, even shocking rarity.

That doesn’t mean war is over, as gruesome examples such as Syria attest. And a […]

Noah Smith: Zero-sum thinking makes our fights much nastier


Hide caption By Noah Smith / Bloomberg View

Remember “war?” That thing where countries (or kings, or religions) would gather up a bunch of people, give them weapons, and have them slaughter each other and pillage the countryside? For most of the past 3,000 years, war was a more-or-less constant feature of human life. Psychologist Steven Pinker, in his book “The Better Angels of Our Nature: Why Violence Has Declined,” chronicles the transition from a world where violence was the norm to one where it’s a startling, even shocking rarity.

That doesn’t mean war is over, as gruesome examples such as […]

Cool Runnings and cold truths


If you’re paying attention to the Winter Olympics beyond attending themed parties in American flag gear, then you may have noticed some unlikely participants in this year’s games. In Pyeongchang, Jamaicans Carrie Russell, Jazmine Fenlator-Victorian and Audra Segree will take to the slopes to compete in the women’s bobsled event. Hailing from the tropical island of Jamaica, these athletes’ male counterparts once inspired the film “Cool Runnings” by competing in Calgary at the 1988 Winter Olympics. They didn’t win any medals, but—in true Disney fashion—they certainly won a lot of hearts.

My eight-year-old self was one of those people who […]

Safe, happy and free: does Finland have all answers?

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‘It’s about co-operating. Everyone together, equally’: Helsinki, the Finnish capital. Western Europe’s last naturally caused famine ended 150 years ago this winter.
In a poor and backward part of the Russian empire called Finland, more than a quarter of a million people – nearly 10% of the population – starved to death.
Last year, on the centenary of its independence, Finland was ranked, by assorted international indices, the most stable, the safest and the best-governed country in the world.
It was also the third wealthiest, the third least corrupt, the second most socially progressive and the third most socially […]

Latin America: Is there a solution for economic inequality?

Latin America: Is there a solution for economic inequality?

Latin America is the region with the greatest economic inequality in the world. Calculations of the humanitarian organization Ofxam, carried out in 2016, indicated that if this situation does not improve, by 2022 the richest 1% of the region would have more wealth than 99% of the remaining population.

Poverty is the main indicator of economic inequality for a country. In 2016, in Latin America it was estimated that 186 million people lived in poverty and another 61 million in extreme poverty. According to Ofxam statistics, 27% of world growth has been in the hands of the richest 1%, while […]

COOL CLASSES: “Inequality and Public Policy”

COOL CLASSES: “Inequality and Public Policy”

Class name : “Inequality and Public Policy”

Taught by: Visiting Assistant Professor of Political Science Matthew Incantalupo

Here’s what Incantalupo had to say about the class: “Inequality and Public Policy” is an exploration of the relationship between policy and economic outcomes in the United States. At a glance, it’s about “who gets what,” but more specifically it’s about how feedback loop,s including political and economic forces, shape access to income, wealth, education, health, and political representation. We take a look at the current state of inequality and policymaking in the United States, the political causes and consequences of economic […]

Safe, happy and free: does Finland have all the answers?


Western Europe’s last naturally caused famine ended 150 years ago this winter. In a poor and backward part of the Russian empire called Finland , more than a quarter of a million people – nearly 10% of the population – starved to death.

Last year, on the centenary of its independence, Finland was ranked, by assorted international indices, the most stable, the safest and the best-governed country in the world . It was also the third wealthiest, the third least corrupt, the second most socially progressive and the third most socially just.

Finland’s judicial system is the most independent in the […]