Global inequality has fallen in recent decades [largely owing to China's expanding middle class], but within-country inequality has risen in a significant number of national economies during the same period. This column identifies the channels through which financial globalisation accentuates inequality and suggests how these could be mitigated by accompanying policies....Michael Hudson has identified financialization and finance capital ("fictitious capital") as the major issue of our time.
vox.eu
Financial globalisation and inequality: Capital flows as a two-edged sword
Barry Eichengreen, Balazs Csonto, Asmaa El-Ganainy, Zsoka Koczan
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