by Inequality continues to grow all over the world — so don’t even for a second think that this is only a US problem! In case you think that it’s different in yours truly’s own country — Sweden — you should take a look at some recent data from Statistics Sweden The Gini coefficient is a measure of inequality (where a higher number signifies greater inequality) and for Sweden, we have this for the income distribution: . What we see happen in the US and Sweden is deeply disturbing. The rising inequality is outrageous — not the least since it has to a large extent to do with income and wealth increasingly being concentrated in the hands of a very small and privileged elite. Societies where we allow the inequality of incomes and wealth to increase without bounds, sooner or later
Topics:
Lars Pålsson Syll considers the following as important: Economics
This could be interesting, too:
Lars Pålsson Syll writes How inequality causes financial crises
Lars Pålsson Syll writes Andreas Cervenka och den svenska bostadsbubblan
Lars Pålsson Syll writes Debunking the balanced budget superstition
Lars Pålsson Syll writes How inequality causes financial crises
Inequality continues to grow all over the world — so don’t even for a second think that this is only a US problem!
In case you think that it’s different in yours truly’s own country — Sweden — you should take a look at some recent data from Statistics Sweden
The Gini coefficient is a measure of inequality (where a higher number signifies greater inequality) and for Sweden, we have this for the income distribution:
.
What we see happen in the US and Sweden is deeply disturbing. The rising inequality is outrageous — not the least since it has to a large extent to do with income and wealth increasingly being concentrated in the hands of a very small and privileged elite.
Societies where we allow the inequality of incomes and wealth to increase without bounds, sooner or later implode. The cement that keeps us together erodes and in the end, we are only left with people dipped in the ice-cold water of egoism and greed. It’s high time to put an end to this the worst Juggernaut of our time!