taz.de
Marx's Theory of Exploitation: Risky Business
A column challenges the notion that entrepreneurial profit is solely justified by risk, arguing it stems from the unpaid labor of employees and highlights structural inequalities.
Inequality
Stories tagged “Inequality.”
29 stories
theguardian.com
The Guardian view on global inequality: extreme wealth threatens democracy
The Guardian views the growing wealth gap as a threat to democracy, with extreme wealth buying political power and undermining redistributive policies. A new global push to tackle inequality is proposed, with the UK joining a new UN International Panel on Inequality.
theguardian.com
‘A tax on being thin’: only high earners make overall savings on food bills from weight-loss drugs
Analysis reveals that only individuals with nearly £100,000 in discretionary income annually can offset the £1,200 cost of GLP-1 weight-loss drugs through reduced food spending, effectively making the medication a "regressive tax on being thin" for most users.
wired.com
This Art Project Slows Down Citi Bikes to Make NYC's Rent Crisis Feel Real
Artist Justin Blinder created an art-project gadget called Ground Truth that slows down Citi Bikes in rent-burdened neighborhoods to raise awareness about the housing affordability crisis in New York City.
theguardian.com
Private pensions are a publicly subsidised gift to the wealthy
Private pensions are a privilege for the lucky few and a curse for everyone else. They have become pernicious financial vehicles that allow an older generation to hoodwink younger generations, who also seek security in their latter years.
jeuneafrique.com
Ceuta: The Economic Reasons for a Migratory Crisis
The article attributes the migratory crisis in Ceuta to Morocco's deteriorating economic conditions, high unemployment, and inequality, particularly affecting its youth.
Beyond the language of decline: Hope for democratic renewal
japantimes.co.jp
Beyond the language of decline: Hope for democratic renewal
A thoughtful essay by a Japanese author argues that democracy and capitalism are undergoing profound transformations, risking the concentration of power and wealth. Confidence in democratic institutions is weakening, and economic inequality continues to widen.
Leaked exams and dashed dreams: Why India’s ‘Cockroach’ youth turned on Modi
japantimes.co.jp
Leaked exams and dashed dreams: Why India’s ‘Cockroach’ youth turned on Modi
Young Indians are protesting against Prime Minister Narendra Modi, citing leaked exams and dashed dreams. The protests are spearheaded by the Cockroach Janta Party, a satirical movement.
theguardian.com
Why Andy Burnham’s devolution pledge will be tricky to deliver
Andy Burnham's plan to devolve power by sharing income tax with regional mayors faces significant challenges, including the UK's highly centralized fiscal system and the weakened capacity of many local councils.
theguardian.com
Gary Stevenson to quit YouTube channel, citing health concerns
Gary Stevenson, a former City trader turned wealth tax campaigner, is quitting his popular YouTube channel, Gary's Economics, citing health concerns. His weekly videos took off during the Covid pandemic and grew to 1.64 million subscribers.
theguardian.com
Pay gap widens as UK bosses get 130 times average worker’s salary
FTSE 100 CEO pay hit a record median £5.06m, widening the gap with average UK workers to 130-to-1.
Still in our hands': UN chief issues urgent Mandela Day call to eradicate poverty
app.com.pk
Still in our hands': UN chief issues urgent Mandela Day call to eradicate poverty
UN Secretary-General Antonio Guterres issued a call to action on Mandela Day, emphasizing that combatting systemic poverty and inequality is 'still in our hands'. He highlighted that ending poverty is not merely charity, but an act of fundamental justice and human rights.
theguardian.com
Thinktanks should rethink their funding models
Thinktanks in the UK are financially vulnerable due to their dependence on profit-driven businesses. This is a weakness in their funding model, and the UK has a problem with opaque political funding.
Nigeria to track poverty, incomes as government seeks proof reforms are working
investing.com
Nigeria to track poverty, incomes as government seeks proof reforms are working
Nigeria plans to publish indicators tracking poverty, incomes and inequality as President Bola Tinubu's government seeks to show that economic reforms are improving living standards in Africa's largest economy.
theguardian.com
Surviving extreme heat increasingly boils down to this: access to air conditioning
Access to air conditioning is becoming a matter of life and death as extreme heat becomes a deadly form of weather. Low-income households struggle to afford cooling, and in many developing countries, the electric grid cannot support air conditioners even if they were affo…
scmp.com
China to Head Off AI-Fuelled Inequality by Lifting Salaries, Narrowing Pay Gap
China has prioritized income growth and wage reform to protect its workforce from AI-driven inequality. A new blueprint targets middle-income expansion, vocational training, and collective wage bargaining.
scmp.com
Philippines got an economic upgrade, yet many Filipinos feel it’s no ‘big deal’
The Philippines was recently upgraded to an upper-middle-income country by the World Bank, but many Filipinos feel this classification makes little difference to their struggles with rising cost of living, debt, and stagnant wages.
theguardian.com
Rapid spread of AI may worsen global inequality, UN warns
A new UN report warns that the rapid, uneven spread of artificial intelligence could exacerbate global inequality, proposing a shared framework for responsible AI development.
theguardian.com
‘Make people dream’: how to build an economy for the common good
Economist Mariana Mazzucato argues that governments must have a vision and work towards the common good. She criticizes the current economic models and suggests a new approach that prioritizes social problems and the environment.
theguardian.com
As billionaires’ wealth soars, US workers struggle: ‘The rich keep getting richer for no good reason’
Billionaires' wealth is soaring in the US, while workers struggle to make ends meet due to inflation and low wages. The wealthiest 0.00001% hold wealth equal to 12% of the US's gross domestic output.
theguardian.com
Porsche magnate puts historic Salzburg villa up for sale after row over private ‘tunnel for one’
Wolfgang Porsche has put his historic Salzburg villa up for sale after a public uproar over his plans to build a private tunnel. The villa, once home to Stefan Zweig, is on the market for €12.7m.
foreignpolicy.com
This Industrial Revolution Is Not Like the Last One
Policymakers' approach to automation won't work for AI, as the scale and shape of AI displacement are different. The manufacturing-era toolkit is insufficient to address the challenges posed by AI.
theguardian.com
Condemned to plutocracy? The relentless rise of US inequality
US income inequality has seen a relentless rise, with government efforts to curb it proving largely ineffective across administrations. Wealthy individuals increasingly shield their fortunes from taxation, leading to a concentration of wealth.
seekingalpha.com
3,400-Plus Billionaires Mark Economic Strength, Not Decline
The number of billionaires is increasing, with Elon Musk becoming the world's first trillionaire. This trend reflects a good economic environment.
theguardian.com
An absurd illustration of Britain’s housing problem
Readers respond to an article about a £200m palace in London that has lain empty for years, highlighting the UK's housing problem.
theguardian.com
The case for Labour to introduce a wealth tax has never been stronger
The Guardian argues Labour should back a 2% tax on fortunes above £100m to address soaring inequality and protect middle earners.
theguardian.com
What Blair gets wrong about the economy – it is fired by people, not business | Letters
Readers argue poverty, inequality and housing costs weaken demand, so the economy cannot recover by business incentives alone.
theguardian.com
Australia’s 178 billionaires are $25.7bn richer than last year as 3.7 million live in poverty
Oxfam says Australia’s billionaires gained $25.67bn in a year while poverty and food insecurity remain widespread.
UK universities warn of cuts for impoverished students if dire funding issues continue
theguardian.com
UK universities warn of cuts for impoverished students if dire funding issues continue
University leaders warn that worsening finances could force cuts to hardship grants and outreach for disadvantaged students, as redundancies and mergers loom.