Rising income and wealth inequality – 1% owns more than bottom 99%

When we talk about inequality it is important to differentiate between income and wealth inequality.

Together they constitute one of the clearest examples of how the neo-liberal policy structures that have been in place over the last 30 odd years are failing and are pushing the world toward an unsustainable reckoning where it is anybody’s guess what the manifestation will look like – but I predict it will be destructive and ugly and drawn out and may not resolve itself into anything we would like.

Bill Mitchell – billy blog
Rising income and wealth inequality – 1% owns more than bottom 99%
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia