As the global economy stares down the barrel of rising inequality and increased automation, more countries are toying with the idea of a universal basic income. But a new report by the Organization for Economic Cooperation and Development (OECD) is less than enthusiastic, saying that without significant tax hikes, a basic income would do little to reduce poverty and even exacerbate it in some cases.
American philanthropy has been undergoing a major resurgence in the last few decades, leading some to dub this a ‘golden age’ for giving. At the same time, wealth concentration and inequality, the gap between rich and poor, has been on the increase. Author of a new book called The Givers, David Callahan, explains why these two trends are fueling each other and what needs to change to avoid oligarchy.
International Monetary Fund (IMF) Managing Director Christine Lagarde delivered a grim warning on Monday: Unless every government urgently invests more in education and research to boost weak productivity growth, living standards around the world, efforts to reduce inequality and social stability could all be jeopardized.
Education experts in Mexico met last week to discuss inequality, which they say will be the greatest challenge in reforming the country’s education system.
Scores of nations have lifted themselves out of poverty and illiteracy, but those signs of broad progress hide crippling inequality and suffering by millions of people left behind, a United Nations agency said on Tuesday.
The annual public letter from Bill and Melinda Gates has become a much-celebrated event in the global development calendar. But the self-described ‘impatient optimists’ paint a picture that is so selective in its use of facts that it amounts to little more than propaganda for a failing industry, and indeed a failing ideology. The 2017 letter is especially striking for just how out-of-sync it feels with the current zeitgeist.
For today’s Humanosphere podcast, we’re talking with Ichiro Kawachi, a physician and epidemiologist at Harvard University about how growing wealth inequality is making us sicker.
Indonesia’s President Joko Widodo vowed to fight inequality as his top priority for 2017. But Widodo has a massive gap to close, according to a new report by Oxfam today: Just four men own more wealth than the poorest 40 percent of the country – about 100 million people.
Rather than taking our usual tack of interviewing a guest, our small but devoted and talented news team decided that inauguration day for President Donald Trump was an appropriate occasion to highlight some issues we intend to focus on in the coming year.
With 48 hours left as vice president of the United States, Joe Biden delivered his final speech yesterday to an assembly of the world’s wealthiest and most powerful people. “The top 1 percent is not carrying their weight,” he said. And while “external actors” pose a threat to democracy, inequality is “undermining support for the liberal international order from inside.”