Inequality is not inevitable – but the US ‘experiment’ is a recipe for divergence

At the launch of their World Inequality Report, Thomas Piketty and colleagues explain the past, present and future trends of inequality around the worldIs the rise of inequality inevitable? Today’s inaugural World Inequality Report shows that income inequality has increased in nearly every country around the world since 1980 – but at very different speeds.Comparing the divergent paths of the United States and western Europe, for example, we see that it is possible for institutions and policymakers to tame the unequalising forces of globalisation and technological change. And it is also possible to unleash those forces with renewed vigour, as in the case of the latest US tax plan. Continue reading…

Source: http://lslink.info/?c=2b2L