Egregious Inequality
We’ve all heard the outrageously skewed statistics. The top 1%, or 0.1%, or even 0.01% of humans control an outsized fraction of total wealth (something like 30%, 15%, and over 5%, respectively).…
Wealth Inequality
Inequality and the Polycrisis
Notwithstanding its many downsides, the era of neoliberal globalization had one significant claim to success: the growing wealth of once-poor countries, based largely on their ability to export into the…
Poverty Won’t Go if “Wealtherty” is Not Tackled
Recent global data paints a stark picture. Despite corporations across the world in the aggregate reporting rising record-breaking corporate profits year after year, millions of people worldwide are struggling to…
Inequalities in India: Causes and Consequences
Here is an AI-generated podcast based on the article I. Introduction During the campaigning for 2024 general elections, inequality became an issue. A Congress leader suggested imposition of an Estate…
How US Taxpayers Helped Elon Musk Become the Richest Man on Earth
Once upon a time, here in the United States, we taxed the rich. Significantly. Today, by contrast, we’re actively enhancing their fortunes. Including the biggest personal fortune of them all, the quarter-trillion-dollar…
Research on inequality relevant to understand trend- Political institutions’ role vital in economic growth
The three US based economists who got Nobel Prize for 2024 for their research on historical economic inequality among post-colonial states colonized by Europeans have laid focus on inclusive socio-political…
Escaping the New Gilded Age
BOSTON – Tech billionaires such as Bill Gates, Mark Zuckerberg, and Elon Musk are not just among the richest people in human history. They also are exceptionally powerful – socially,…
Top 1 percent bags over $40 trillion in new wealth during past decade as taxes on the rich reach historic lows
The richest 1 percent have amassed $42 trillion in new wealth over the past decade, nearly 34 times more than the entire bottom 50 percent of the world’s population, according…
Prison… Without the Barbed Wire
We look at those poor souls in Gaza, living in what many call The Outdoor Prison. We here in America are fortunate to have avoided such a fate. Yet, there…
A Decolonisation & Degrowth Alliance- A Powerful Agenda for the Global South
Neo-colonialism and increasing Inequality in the Global South- Focus on India “The Billionaire Raj is now more unequal than the British colonial Raj,” read a tweet by the World Inequality…
Social banditry: Oligarch Elon Musk takes record $45 billion payout
On Thursday, Tesla announced its shareholders had reapproved an unprecedented pay package for CEO Elon Musk, which is currently valued at more than $45 billion. As noted by the Delaware…
Prophets of Profit Are Increasing Existing Dangers, and Creating New Ones as Well
The most important issue of the present-day world is that earth’s life-nurturing conditions are badly threatened. At a time when maximum efforts need to be made for protecting these life-nurturing…
Rising Debt, Deepening Destitution, and Widening Inequalities in India Under Modi
No amount of propaganda can hide that Mr. Narendra Modi is riding on the rising tides of debt and destitution. The Modi-led Hindutva government of India is pushing the country…
The People must get a share of the National Income
Recommendations of the All-India Peoples Front’s workers meeting held on 12 May at Sonbhadra (U.P.) to discuss the Lok Sabha Election Agenda -2024 It is very important for people…
The True Shocking Driver of Crime in America
In the midst of all of his trials, in a moment pregnant with irony, Donald Trump recently claimed that if he was reelected he would seize direct control of Washington,…
India’s Billionaire Wealth Is on Display as Nation Votes
There are several exercises in extremes playing out in India right now. Nearly a billion people are voting in elections that will last into early June, braving record-high temperatures to cast ballots. Against this…
Inequalities and Concentration of Wealth in USA have Wide Implications
It is a very significant aspect of US economy that despite being blessed by an exceptionally rich resource base, despite enjoying certain unique advantages of the dollar being the international…
India’s Soaring Economy Masks Stark Inequality
India, once the world's fifth-largest economy, has undergone a significant economic shift, surpassing the United Kingdom. Despite this achievement, it remains a nation marked by stark economic disparities, hosting the…
The Most Rich Turns Richer
The world’s richest people got even richer over the past year, Bloomberg’s top-500 billionaire list, published on Wednesday, shows. Some 77% of the billionaires who made it on the list…
Unequal and Unsustainable Life Patterns A Very Important Yet Neglected Cause of Environment Ruin and Climate Change
Economic and social inequalities have historically been a very important aspect of injustice, but in addition these have also resulted in some other important distortions which are not so well…
Billions Are Spent To Support The Rich In The UK, Says Study
UK spends more than any other Organization for Economic Co-operation and Development (OECD) country on financing structural inequality in favor of the rich, the latest research by UK charity Equality…
Increasing inequality due to uneven distribution of wealth
Economic inequality in India has widened, with the richest 1 percent of the country owning 22 percent of the total national income, while the top 10 percent own 57 percent…
Poverty Amid Plenty-A World Fragmented by Inequality
A few weeks ago, the world’s power brokers — politicians, CEOs, millionaires, billionaires — met in Davos, the mountainous Swiss resort town, for the 2023 World Economic Forum. In an annual…
The Indian Republic and its unproductive 49%
On the 26th of January, 2023, India reminded herself, yet again, that she is a Republic. As the winter sun rose in the east and gently waded across the smoggy…
“Survival of the Richest” widens the gap between the rich and the poor
The terrible reality of the widening gap between the rich and the poor has been presented by the famous organization 'Oxfam' in its report. However, now a situation like 'Survival…
While You Count Hours, They Count Billions
How the Super Rich Owns Twice of the Rest of the World Put Together The richest 1% of the world now owns nearly twice as much wealth as the rest…
Oxfam Report Makes a Strong Case for Using Fiscal Policy to Check High Inequalities, Provide Relief to People
Oxfam India’s just released report ‘Survival of the Richest: The India Story’ has made a strong case for taxing the richest sections to find the resources for substantially stepping up…
Richest 1% Bag Nearly Twice As Much Wealth As The Rest Of The World Put Together Over The Past Two Years, Finds Oxfam Study
The rich are having good days as they always have. Even the pandemic could not brake their stockpiling of wealth. The super-rich outstrip their extraordinary grab of half of all…
Number of Ultrarich Hits All-Time High as Someone Dies From Hunger Every 4 Seconds
As a new analysis revealed that the global ranks of the superrich soared to a record number, a coalition of charity groups said Tuesday that hundreds of millions of people around…
Inequalities and militarization in USA have led to millions being deprived of basic needs
The USA is without doubt the most powerful country in the world. It was endowed with an exceptionally plentiful natural resource base. Despite this the bottom half of the population…
More than Covid-19, inequality killed many
Govt raising burden on a large section of people, while easing taxes on super-rich On June 10, 2008, the International Labour Organization (ILO) adopted the ILO Declaration on Social Justice…
Economic Recovery Should be Led by Greater Equality
by Bharat Dogra and Kumar Gautam An issue of increasing worldwide concern is that more people have been pushed into poverty and deprivation in COVID times, negating years of progress…
One Billion Dollars Per Day—This is what the top 10 billionaires of USA have been adding to their wealth in pandemic times
In recent times several justice studies have pointed out how the wealth of top billionaires of world have increased at a very fast pace. But the latest estimate presented on…
Dominance by Billionaires Leads India’s Highway to Record Levels of Inequality
While a drift towards increasing inequality is by itself very harmful for a country which already has high levels of poverty and deprivation, this situation has been worsened further…
Rapidly growing economic inequalities in India
On January 16, 2022, Oxfam, a non-profit organization, released a report on the rapidly growing economic inequalities in the world ahead of the 50th Annual Meeting of the World Economic…
Oxfam report reveals malignant dependency of the pandemic on capitalist inequality
This week, Oxfam published a major report in advance of the annual World Economic Forum Davos Agenda. Coming as society enters the third year of the pandemic, the Oxfam briefing…
Arise, Pandemic Profiteers
History’s annals are filled with war profiteers and hustlers for the opportunistic return. They come in the form of hoarders, arms manufacturers and wily business folk making a steal on…
Oxfam report highlights widening pandemic inequality in Asia
A report issued by the British-based international aid agency Oxfam last week has highlighted the rapid escalation of economic and social inequality in the Asia-Pacific region during the COVID-19 pandemic,…
Oxfam report “Inequality Kills”: Billionaires racked up wealth while millions died during the pandemic
The global charity Oxfam released a briefing on Monday entitled “Inequality Kills” in advance of the World Economic Forum State of the World conference being held virtually January 17-21. In…
Billionaires increased wealth by $3.6 trillion in 2020, as millions died from global pandemic
The World Inequality Report 2022, released by the global research initiative World Inequality Lab, found that the COVID-19 pandemic has widened the financial gap between the rich and poor to…
World Inequality Report presents a damning indictment of the development path and priorities of India
The World Inequality Report (WIR) is widely regarded as a highly credible and comprehensive report on the extent of inequalities in world. The latest WIR for year 2022 has been…
World’s Richest Now Own 11% Of Global Wealth – The Biggest Leap In Recent History, Says Report
The world’s richest people got a whole lot richer during the COVID-19 crisis. In 2021, billionaires saw the steepest increase in their share of wealth on record, according to The…
The United States After Trump
After four nightmarish years, the presidency of Donald Trump came to an end in January. Over 81 million people voted for Joe Biden over Trump, the largest vote total for…
Ye Are Many, They Are Few!
A new freely downloadable book I would like to announce the publication of a new book, which discusses the question of how oligarchs maintain their grasp on an excessive share…
When Will We Have Equitable Access To Fruits Of Development?
Co-Written by Sandeep Pandey and Kushagra Kumar One of the writers of this article is reminded of an incident, when he was teaching at Indian Institute of Technology, Gandhinagar which…
A Billion Dollars Isn’t What It Used To Be
One of the metrics of success in a mature capitalist economy is the number of billionaires present in its ranks. This term, billionaire, is the defining adjective of our time.…
Worsening Inequalities: The Courage To Face The Challenge
It is not surprising that the Davos Forum held in the middle of January 2017 chose not to examine the obscene, grotesque, ever widening economic inequalities in the world brought…
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