Income Inequality: Difference between revisions
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[https://www.intereconomics.eu/contents/year/2020/number/1/article/the-politics-of-american-inequality.html by Jaehee Choi, James K. Galbraith Interconomics] | [https://www.intereconomics.eu/contents/year/2020/number/1/article/the-politics-of-american-inequality.html by Jaehee Choi, James K. Galbraith Interconomics] | ||
Rising economic inequality in the United States is closely tied to the high concentration of capital asset ownership, especially corporate stocks and real estate, and to increases in the price of those assets in recent decades. These in turn are closely related to the structural transformation of the economy over 50 years, especially the decline of unionized manufacturing in the Midwest and the rise of finance on the East coast and of the technology sector – mainly information and aerospace – in the West. | Rising economic inequality in the United States is closely tied to the high concentration of capital asset ownership, especially corporate stocks and real estate, and to increases in the price of those assets in recent decades. These in turn are closely related to the structural transformation of the economy over 50 years, especially the decline of unionized manufacturing in the Midwest and the rise of finance on the East coast and of the technology sector – mainly information and aerospace – in the West. | ||
=====Corporations are fuelling inequality. Here's how===== | |||
[https://www.weforum.org/stories/2024/01/corporations-fuelling-inequality-economy-profits/ by Amitabh Behar WORLD ECONOMIC FORUM] | |||
The problems in the world today are daunting. Many countries are locked in conflict; the frequency of extreme weather events is on the rise and, every day, we see the distress of families who have lost everything. Millions of people are still grappling with the economic fallout of the COVID-19 pandemic while contending with escalating cost of living. Five billion people are poorer than they were in 2020. | |||
