Skip to main content

Inequality on the March

How much should we worry about inequality? Answering that question requires that we first answer another question: “Compared to what?” What is the alternative against which to judge the degree of inequality that we see?

Florida is a much more materially unequal society than Cuba. But the right way to look at the situation – if Florida and Cuba are our alternatives – is not to say that Florida has too much inequality, but that Cuba has much too much poverty.

On the global level, it is difficult to argue that inequality is one of the world’s major political-economic problems. It is hard, at least for me, to envision alternative political arrangements or economic policies over the past fifty years that would have transferred any significant portion of the wealth of today’s rich nations to today’s poor nations.

We hope you're enjoying Project Syndicate.

To continue reading, subscribe now.

Subscribe

Get unlimited access to PS premium content, including in-depth commentaries, book reviews, exclusive interviews, On Point, the Big Picture, the PS Archive, and our annual year-ahead magazine.

https://prosyn.org/LiVb8nR;
  1. GettyImages-1185850541 Scott Peterson/Getty Images

    Power to the People?

    Aryeh Neier

    From Beirut to Hong Kong to Santiago, governments are eager to bring an end to mass demonstrations. But, in the absence of greater institutional responsiveness to popular grievances and demands, people are unlikely to stay home.

    1
  2. rogoff187_Matt Anderson Photography Getty Images_datanumberlines Matt Anderson Photography/Getty Images

    The High Stakes of the Coming Digital Currency War

    Kenneth Rogoff

    Just as technology has disrupted media, politics, and business, it is on the verge of disrupting America’s ability to leverage faith in its currency to pursue its broader national interests. The real challenge for the United States isn't Facebook's proposed Libra; it's government-backed digital currencies like the one planned by China.

    0

Cookies and Privacy

We use cookies to improve your experience on our website. To find out more, read our updated Cookie policy, Privacy policy and Terms & Conditions