"It’s an Unequal World. It Doesn’t Have to Be."
By EDUARDO PORTER and KARL RUSSELL DEC. 14, 2017
https://www.nytimes.com/interactive/2017/12/14/business/world-inequality.html
"Global inequality, after widening for decades, has stabilized. The share of the world’s income captured by the top 1 percent has shrunk since its peak on the eve of the financial crisis. The bottom half of the population is reaping its biggest share of the global pie since Ronald Reagan was elected president of the United States. "
What? It seemed to me the divide between poor and rich was growing. What is this article selling? I think Trump is busy at work reversing whatever this author is saying.
Aha, the other shoe drops!
"But here’s the bad news: The respite probably won’t last. Despite rapid strides among developing economies like China and India, which have been closing the income gap with the world’s richer nations, growing inequality within almost every country will drive a further concentration of income around the globe."
"A world in turmoil: What we must do to survive the coming political crisis"
Ian Bremmer Published April 20, 2018
