The debate about inequality rages on in Germany, as the gap between the rich and the poor continues to widen. Some economists say this could have a harmful long-term impact on the economy, while others are less alarmed.
Garbage is a symbol of our time. How we deal with it says something about our prosperity – and about social inequality. After all, one man’s trash is another man’s lifeline.
One in 7 people worldwide now belongs to the middle class, a study by German insurer and asset manager Allianz reveals. The largest contributor has been China, the Global Wealth Report 2018 points out.
Income inequality can lead to "catastrophes," but there are ways to fight it, according to the World Inequality Report. "Everything depends on the choices that will be made," says renowned economist Thomas Piketty.
Oxfam's latest report on wealth inequality describes how a wealthy elite accumulates vast fortunes while the poorest go without. But the charity has been criticized as offering a too simplistic view of the imbalances.
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