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Global inequality ‘as marked as at peak of western imperialism’
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Global inequality is as marked as it was in the early 20th century pinnacle of western imperialism after the capture by the super-rich of an increasing share of the world’s income, a new report has shown.
A study by a group of economists including Thomas Piketty and Emmaneul Saez said 30 years of the globalisation of trade and finance had widened the gap between rich and poor.
Although the World Inequality report found inequalities between nations had declined since the end of the cold war, it said inequality had increased within most countries and had become more pronounced as a result of the global pandemic of the past two years.
The wealth gap between rich and poor was even wider than the income divide, the report added, with the boom in
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