2 ms·
Isn't global inequality decreasing though? Isn't extreme poverty decreasing? https://ourworldindata.org/global-economic-inequality https://ourworldindata.org/gl
by zawazzi 8y ago
Isn't global inequality decreasing though? Isn't extreme poverty decreasing? https://ourworldindata.org/global-economic-inequality https://ourworldindata.org/global-economic-inequality
People tend to only care about the inequality where they stand the most to gain. Most US citizens would benefit from wealth redistribution in US, but unhappy with a global redistribution since they would average down.
In some ways globalization is causing both increasing economic equality for labor and increasing inequality for capital providers.