• Rich and poor
    Permalink Gallery

    A global progressive tax on individual net worth would offer the best solution to the world’s spiralling levels of inequality

A global progressive tax on individual net worth would offer the best solution to the world’s spiralling levels of inequality

The issue of inequality is one of the most salient in global and European politics. Thomas Piketty writes on the economic forces which have impacted upon inequality since the end of the First World War. He argues that with disparities in income and wealth rising substantially over recent decades, a global progressive tax on individual net worth would offer […]

  • photo 2b
    Permalink Gallery

    There are plenty of things the Chancellor could be doing to halt the growth of inequality and help some of the 13 million people living in poverty in the UK today

There are plenty of things the Chancellor could be doing to halt the growth of inequality and help some of the 13 million people living in poverty in the UK today

In his Budget, George Osborne claimed inequality is at its lowest level in 28 years. Yet recent research by Oxfam highlights this statement hides a more nuanced and worrying picture. Rachael Orr argues that if the Chancellor is serious about halting the growth of inequality he needs to start listening to some of the 13 million people living in […]

  • This-isnt-democracy
    Permalink Gallery

    Rising inequality and the need for a divorce between democracy and capitalist interests

Rising inequality and the need for a divorce between democracy and capitalist interests

As dividends paid to shareholders reach a new record, average wages for ordinary citizens continue to suffer. Bart Cammaerts argues that the outlandish wages paid to executives in the private as well as public sector are to the detriment of incomes of the vast majority of people who work for a living or are dependent on welfare. What this signifies is that […]

Contrary to popular and academic belief, Adam Smith did not accept inequality as a necessary trade-off for a more prosperous economy

The assumption that Adam Smith accepted inequality as the necessary trade-off for a more prosperous economy is wrong, writes Deborah Boucoyannis. In reality, Smith’s system precluded steep inequalities not out of a normative concern with equality but by virtue of the design that aimed to maximise the wealth of nations. Much like many progressive critics of current inequality, Smith targets rentier practices by the […]

Book Review: The Killing Fields of Inequality by Göran Therborn

The global financial crisis has been a hotly contested political and economic topic for the last few years but how much do we really know about the forms of inequality that such crises produce and perpetuate? Göran Therborn argues in The Killing Fields of Inequality that human development is not simply determined by how wealthy an individual or nation is, but by an individuals’ […]

While soaring inequality set the stage for the 2008 financial crash, mainstream economists remained clueless

The restricted focus of mainstream economists has meant that not much attention has been given to the economic and social consequences of changing income and wealth inequality. Jon D. Wisman critiques their restricted scope and contends that it impeded them from seeing how 30 years of wage stagnation and soaring inequality were generating excessive speculation, indebtedness, and political changes that set the […]

February 8th, 2014|USAPP|1 Comment|

Down and out in Bloemfontein: We can change the world in 2014 but only if we recognise that we have an economy based upon exclusion and inequality

New Year, new hopes, new dreams, new experiences…. so why does the creation of a luxury shantytown in South Africa where the rich can pretend to be poor make me feel so sick? The answer lies in the raw reality of poverty and the fact slum tourism and poverty porn debases the world in which we all live, writes Matthew […]

Trade unions’ collective bargaining efforts have serious implications for social and economic equality in European countries

The role of trade unions in promoting social justice has been challenged by rising social and economic inequality in several European countries. Angie Gago writes that while levels of inequality vary from country to country, the general rise in inequality experienced across Europe is associated with a change in the redistributive character of trade unions’ collective bargaining. She argues that […]

December 7th, 2013|Europp|2 Comments|

Bad Behavior has blocked 10953 access attempts in the last 7 days.

Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported
This work by British Politics and Policy at LSE is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.