Page 3 - Inequality

Wealthy nations carve up space and its riches, leave others behind

In the not-so-distant future, the ability to extract resources from the Moon and asteroids could become a major point of difference between the space haves and have-nots.

Thomas Piketty's equality programme

Although Piketty favours much higher income tax rates, policies that redistribute property rather than income are the heart of his programme

How has India's consumption inequality come down to a four-decade low?

A recent IMF working paper said that India's consumption inequality during the Covid-affected 2020-21 fell to near the lowest level in the last 40 years. It was due to the govt's free ration scheme

Most capitalist Budget, inequality rising in India rapidly: P Chidambaram

P Chidambaram said the Union Budget was the "most capitalist" with nothing for the poor and farmers while sops were being provided to big industrialists turning India into a very "unequal country"

Budget should focus on bridging widened inequality in economy: Ex-RBI Guv

The upcoming Budget should focus on creating jobs and bridging the widened inequality in the economy besides accelerating growth, former RBI Governor D Subbarao said on Thursday

Tackling inequality

Govt must make the right interventions in the Budget

America's new aristocracy

Book review of THE 9.9 PERCENT: The New Aristocracy That Is Entrenching Inequality and Warping Our Culture

UN faces $100-trn shortfall in fight against climate change, inequality

Adding the costs of financing the global transition to a low-carbon economy to limit global warming, and total funding out to 2050 comes in at $200-$220 trillion

The ultimate scarcity: Overall consumption has stagnated over four years

Economic performance is also affected if large numbers of people are out of work, or at such low levels of income as to force under-consumption, writes T N Ninan

Did inequality increase during pandemic? Wait for more data to get answers

It might be in the nature of economic modernization and industrialization for inequality to at first increase and then decline.

Living in 'interesting times': Dickensian illusion and Orwellian nightmare

The world has too many fires to fight - from climate change to a semi-permanent state of medical alert, increasing threat to democracy, global power shifts, and growing inequality - notes T N Ninan

Google drops engineering residency after protests over 'inequities'

Google last year pledged to improve retention for underrepresented employee groups.

Best of BS Opinion: Accounting gains, games promoters play & more

Here are the best of Business Standard's opinion pieces for Friday

India, China and US driving global growth: World Bank's David Malpass

David Malpass also expressed concern over growing inequality due to the Covid-19 pandemic

The absent voices of development economics

Development economics focuses on improving the well-being of billions of people in low-income countries, but the Global South is severely underrepresented in the field

US President Joe Biden targets gender inequality in latest orders

The council will include a staff of four, three of whom will hold the title of special assistant to the president

Agenda for Stockholm+50

As we approach Stockholm+50, we are looking at an increasingly inequitable world; where poverty and marginalisation are growing

IMF boosts world growth outlook as Covid-19 vaccines outweigh uncertainty

The pandemic is exacerbating inequality, with close to 90 million people likely to fall into extreme poverty in 2020 and 2021, the fund said

Looking back, and forward: How economies and economics changed in 10 years

Even as both India and the world struggle to re-build after Covid-19, they face slow-burn problems that could develop into full-blown crises, writes T N Ninan

Azim Premji calls Covid-19 a magnifying glass for structural injustices

Says the pandemic has been a sharp reminder that the economy is a part of society and that human well-being matters in all its dimensions equally