Reading Development

Random readings on society, politics and change – Jorge Carrillo

Income Inequalities in Perspective

Income and wealth inequalities in most countries –in the West, the former ‘communist’ economies and in the developing world –have been on the rise in the last three decades with some notable exceptions. Inequalities in the 19thcentury (Figure 1) were much higher than before the Industrial Revolution…the growth of inequalities of the previous century was reversed for over half a century until the 1980s as the threat of the spread of communism inspired welfarist redistributive reforms, giving capitalism a more human face. Such checks and balances have been greatly weakened in recent decades.

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This entry was posted on Thursday, 4 June 2015 by in Poverty and inequality and tagged , , .
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