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Tag: Inequality

13 Results

  • Now, let’s tackle pandemic of inequality

    Now, let’s tackle pandemic of inequality

    Estimates suggest that more than 820 million informal workers and over 70 million children in low-income households have been denied access to adequate income and education since the outbreak. Even more worryingly, this will leave long-term scars on economic productivity and learning, harming the future earning potential of those already marginalised.

    April 13, 2022
  • Does inequality matter?

    Does inequality matter?

    After the Liberalisation, Privatisation and Globalisation (LPG) push of 1991, GDP started rising, often growing at more than 7 per cent annually, accompanied by a concomitant rise in inequality. The share of the top 10 per cent in the country‘s income, that was around 50 per cent at the time of Independence and around 35 per cent in 1990, rose to 57 per cent in 2021

    February 1, 2022
  • A global summit on inequality needed

    A global summit on inequality needed

    Between 1995 and 2021, the top one per cent wealthiest people in the world captured 38 per cent of the growth in global wealth, whereas the bottom 50 per cent had a pitiful 2 per cent share.

    December 19, 2021
  • Inequality in two nations

    Inequality in two nations

    Russia and China, two nations appreciated the world over for their successful mission towards an egalitarian society during the socialist regime, are now the victims of severe income disparity.

    February 22, 2019
  • Race for Inequality

    Race for Inequality

    It might be churlish not to applaud the observations of the son of a gas-station-attendant turned billionaire, who seems to effortlessly multiply his inheritance, expressing confidence that his country, an emerging nation, would soon be amongst the “three richest countries” globally. At around $3 trillion, India is in the reckoning though nowhere near the USA’s …

    November 6, 2018
  • Revolution that failed

    Revolution that failed

    “Revolutions are the locomotives of history”, said Marx. For Venezuela, that locomotive has now stopped moving altogether. Characterized by extreme inequality, impoverished living conditions, endemic corruption and political disenfranchisement, it has been close to a failed state for quite some time. Now with inflation about to touch a million per cent according to IMF estimates …

    September 7, 2018
  • What can we do about inequality?

    What can we do about inequality?

    In the last column, I asked why we were blind to inequality. The more important question is: what can we do about it? Fifty years ago, Martin Luther King argued that “we must rapidly begin … the shift from a thing-oriented society to a person-oriented society”. Otherwise, “the giant triplets of racism, extreme materialism and …

    February 1, 2018
  • Why are we blind to inequality?

    Why are we blind to inequality?

    The concept that human beings should be equal is very old. It was the fight against injustice and inequality between the French royalty and the citizens that drove the 18th century intellectual Jean-Jacques Rousseau to write “Man is born free, but everywhere he is in chains.” These words sparked the French Revolution. Across the Atlantic …

    January 21, 2018
  • Why are we blind to inequality?  

    Why are we blind to inequality?  

    The concept that human beings should be equal is very old.  It was the fight against injustice and inequality between the French royalty and the citizens that drove the 18th century intellectual Jean-Jacques Rousseau to write “Man is born free, but everywhere he is in chains.” These words sparked the French Revolution.Across the Atlantic in …

    January 19, 2018
  • Himachal polls: Tribal women drop ‘political recourse’ for property rights

    Himachal polls: Tribal women drop ‘political recourse’ for property rights

    Elections have come and gone, but struggle for tribal women to fight the ‘customary inequality’ has not ended. Every time, they submit a memorandum, asking the politicians in Kinnaur to lobby for their issue of scrapping or amending the customary law that bars tribal women from inheriting ancestral property, they get only ‘lip sympathy’. “We …

    November 7, 2017
  • An unequal world

    An unequal world

    There exists a highly unequal distribution of incomes and assets within countries and between countries. While billions of people enjoy longevity and good health, more than one billion people live in abject poverty, struggling for mere survival every day. The poorest of the poor face the daily life-and-death challenges of insufficient nutrition, lack of healthcare, …

    February 26, 2017
  • No ‘silver bullet’ for excessive inequality, says IMF chief

    No ‘silver bullet’ for excessive inequality, says IMF chief

    Policymakers across the world must act now to check inequalities even as there is no "silver bullet" to contain this problem, IMF chief Christine Lagarde said on Wednesday amid a raging debate here at WEF on widening wealth gap and the resultant rise in populism. She also said that turning back on globalisation will be a …

    January 18, 2017
  • ‘Global inequality widens rich-poor gap’

    ‘Global inequality widens rich-poor gap’

    Global inequality in sharing resources and wealth distribution is widening the gap between the rich and the poor worldwide, said the British international confederation Oxfam on Monday. "The richest one per cent have more wealth than the rest of the world combined. Power and privilege are being used to skew the economic system to increase …

    January 16, 2017