For the past 30 years or so, income inequality has been on the rise across the globe. It has increased in the United States, China, Russia — even in Sweden and Finland, long thought to be paragons of equality. What’s driving this increase? And does the unprecedented dominance of capitalism mean that there are no longer countervailing forces to stop inequality’s rise? Or might a self-regulating mechanism eventually reduce it, even in a capitalist world?
Read more at Income inequality is cyclical : Nature News & Comment
