Income Inequality: Difference between revisions
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[https://www.weforum.org/stories/2024/01/corporations-fuelling-inequality-economy-profits/ by Amitabh Behar 15/1/24 WORLD ECONOMIC FORUM] | [https://www.weforum.org/stories/2024/01/corporations-fuelling-inequality-economy-profits/ by Amitabh Behar 15/1/24 WORLD ECONOMIC FORUM] | ||
In stark contrast, the world’s richest are enjoying wondrous prosperity. New research from Oxfam shows that the five richest men have seen their fortunes more than double since 2020. Billionaires are $3.3 trillion (34%) richer compared to the beginning of this decade of crisis, with their wealth growing three times as fast as the rate of inflation. | In stark contrast, the world’s richest are enjoying wondrous prosperity. New research from Oxfam shows that the five richest men have seen their fortunes more than double since 2020. Billionaires are $3.3 trillion (34%) richer compared to the beginning of this decade of crisis, with their wealth growing three times as fast as the rate of inflation. | ||
=====Neoliberal Policies, Institutions Have Prompted Preference for Greater Inequality, New Study Finds===== | |||
[https://www.nyu.edu/about/news-publications/news/2022/may/neoliberal-policies--institutions-have-prompted-preference-for-g.html by NYU 11/5/22] | |||
Neoliberalism, which calls for free-market capitalism, regressive taxation, and the elimination of social services, has resulted in both preference and support for greater income inequality over the past 25 years, shows a new study by a team of psychology researchers. | |||
