Income Inequality: Difference between revisions
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[https://www.dissentmagazine.org/article/how-inequality-distorts-economics/ by Fred Block 2021 DISSENT] | [https://www.dissentmagazine.org/article/how-inequality-distorts-economics/ by Fred Block 2021 DISSENT] | ||
One of the urgent challenges facing the Biden administration is reversing the ever-worsening maldistribution of wealth. The more billionaires we have, and the more zeroes added to the net worth of Elon Musk, Jeff Bezos, and Mark Zuckerberg, the less there is for everyone else. | One of the urgent challenges facing the Biden administration is reversing the ever-worsening maldistribution of wealth. The more billionaires we have, and the more zeroes added to the net worth of Elon Musk, Jeff Bezos, and Mark Zuckerberg, the less there is for everyone else. | ||
=====Bandage on a Bullet Wound===== | |||
[https://www.hrw.org/report/2023/09/25/bandage-bullet-wound/imf-social-spending-floors-and-covid-19-pandemic by HUMAN RIGHTS WATCH 25/9/23] | |||
As the Covid-19 virus began to spread, shuttering businesses and upending economies, the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, saw opportunity in the recovery from the unraveling crisis. Georgieva had already identified income and wealth inequality as a central challenge facing the global economy. In her view, the pandemic brought both the risk that poverty and inequality would exponentially worsen and a “once in a lifetime opportunity” to invest in recoveries that transform economies to make them “greener, smarter, and fairer.” | |||
