Acton Institute Powerblog Archives

Post Tagged 'wealth inequality'

January 23, 2020

Global wealth inequality has been falling: Report

“Economic inequality is out of control,” according to Oxfam, which releases a dire-sounding report about inequality every year on the eve of the World Economic Forum in Davos. The 2020 edition faults the supposed “dominance of neoliberal economics, which values deregulation and reduction in public spending,” and the alleged existence of “monopolies,” for “accelerating economic inequality.” Continue Reading...
November 25, 2019

Wealth inequality is a First World problem

As the West has become progressively more interventionist, concern with “income inequality” has been eclipsed by “wealth inequality.” However, that focus betrays a certain blindness to a vital economic reality. Measures of equality and inequality tell us nothing about what really matters: a society’s prosperity or poverty. Continue Reading...
May 25, 2017

The EU’s plan to fight ‘inequality’ is undermined by its own data – and King Solomon

Economic growth is so vibrant in Europe that it is time to begin redistributing all the excess wealth, according to EU officials in Brussels. The European Commission issued its country-specific resolutions on Monday, and it believes the recovery from the Great Recession has been robust enough for EU members to turn their vision toward combating “economic inequality.” Continue Reading...
May 12, 2017

What that viral ‘wealth inequality’ video gets wrong

Globalization does not merely mean cutthroat competition; it also means that the best minds from around the world can collaborate and, when necessary, correct one another’s conclusions. Scientists rely on this interplay of minds but so do other disciplines, not least economics, where clear thinking is perpetually in short supply. Continue Reading...