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#inequality

6 posts6 participants0 posts today

Folks, please don’t be so hard on Labour.

It’s not easy laying the foundations for the UK’s upcoming fascist government. (The Democrats should know; it takes dedicated effort.)

They’re working as hard as they can as it is to ensure the UK follows in the footsteps of the US.

#Labour#UK#UKPol

Tweet by Sen. Bernie Sanders:

U.S. Oligarchy - 2025:

Elon Musk owns as much wealth as the bottom 53% of U.S households.

The top 1% own more wealth than the bottom 90%.

Real weekly wages are $30 lower than 52 years ago.

60% of Americans live paycheck to paycheck.

Yes. We can do better than that.

Interesting confirmation of what we'd been suspecting. "Austerity, they found, is the key variable: without it, less-educated people are no more likely to vote for rightwing demagogues than highly educated people are. In other words, Keir Starmer and Rachel Reeves are busily handing their core constituencies to Nigel Farage."
monbiot.com/2025/04/14/the-urg
#austerity #UKpolitics #inequality

George Monbiot · The Urge to DestroyIt’s a cast-iron relationship: the more unequal a society becomes, the better the far right does. Here’s why.

I'll generalize this. "The more unequal society is, the more severe the disaster".

This goes for climate, healthcare, housing, economy, ...

Equality is a form of resilience. Although disasters can be equalizing (see Rebecca Solnit - A Paradise built in Hell), true billionaires / multi-millionaires will extract themselves from rebuilding a community by virtue of being supremely isolated and protected.

theguardian.com/environment/20

The Guardian · Climatologist Friederike Otto: ‘The more unequal the society is, the more severe the climate disaster’By Ian Tucker

The World Under Capitalism: Observations on Economics, Politics, History, and Culture

Branko Milanovic

John Wiley & Sons, 07/04/2025 - 400 páginas

"Branko Milanovic is best known as one of the world’s leading experts on global inequality. But he is also an unusually wide-ranging and penetrating commentator on subjects across economics and beyond, in politics, history, and culture. This book brings together his most searching, provocative, and entertaining articles of recent years, providing an abundance of vital insights into the evolution and dynamics of the world under capitalism.

The volume features important ideas about the struggle to achieve a more equal and prosperous world against not only the predictable forces of deregulation and distraction but new ideas about shrinking the economy to protect the environment. Further from Milanovic’s speciality, readers will find an extraordinary array of reflections on subjects including migration, globalization, the politics and economics of Russia and China, the crisis of liberal democracy, economic and literary history, and the intellectual giants of economics. The pieces are united by Milanovic’s distinctive voice – humane, wry, and realistic – and by remarkable erudition worn lightly whether the topic is the fall of Constantinople, Jane Austen, or the mores of contemporary soccer.

No one can fail to learn from the book, while the sparkling prose, unexpected observations, and sheer importance of the subjects at hand make it a compelling read from start to finish."

books.google.pt/books?id=Q3tUE

Google BooksThe World Under CapitalismBranko Milanovic is best known as one of the world’s leading experts on global inequality. But he is also an unusually wide-ranging and penetrating commentator on subjects across economics and beyond, in politics, history, and culture. This book brings together his most searching, provocative, and entertaining articles of recent years, providing an abundance of vital insights into the evolution and dynamics of the world under capitalism. The volume features important ideas about the struggle to achieve a more equal and prosperous world against not only the predictable forces of deregulation and distraction but new ideas about shrinking the economy to protect the environment. Further from Milanovic’s speciality, readers will find an extraordinary array of reflections on subjects including migration, globalization, the politics and economics of Russia and China, the crisis of liberal democracy, economic and literary history, and the intellectual giants of economics. The pieces are united by Milanovic’s distinctive voice – humane, wry, and realistic – and by remarkable erudition worn lightly whether the topic is the fall of Constantinople, Jane Austen, or the mores of contemporary soccer. No one can fail to learn from the book, while the sparkling prose, unexpected observations, and sheer importance of the subjects at hand make it a compelling read from start to finish.

As The High Pay Centre suggest, following Green Party policy, a cap on CEO earnings would likely be pretty popular.

Where that cap might be pitched is between the £213k income that people seem to think indicates you are wealthy, and the 20 times average pay (around £700k) that most people think should be the maximum CEOs are paid!

Will it happen? not with this political class... but yet another reason to think about voting Green?

#inequality #politics

h/t HPC newsletter

Researchers have studied multiple historical cultures and their findings contradict the 'inevitability of inequality' narrative we are fed:

"Historical inequality doesn't occur the same way everywhere, and doesn't naturally increase as populations grow and governments become more complex. Instead, the choices human societies made about how to distribute wealth were key in keeping social disparities under control".

livescience.com/archaeology/in

Live Science · Did every civilization have inequality? New 10,000-year study reveals a surprising answer.By Ben Turner
Replied in thread

@rberger

Before reading the rest of article by George Monbiot I asked myself why & first answer was political agendas warped by political party campaign funding. Ability of some few to control media messaging doesn’t help either. But I would like more discussion on other ‘whys’ e.g. (as suggested/ nominated by Monbiot):

“centrist parties paralysed in the face of economic power. In hock to rich funders, terrified of the billionaire media, for decades they have been unable even to name the problem, let alone address it. Hence the spectacular uselessness of the Democrats’ response to Trump. As the US journalist Hamilton Nolan remarks: “One party is out to kill, and the other is waiting for its leaders to die.” “

#USPol # UKPol #AusPol #inequality #ReconnectingConsequencesToCauses