Inequality
in sentence
2932 examples of Inequality in a sentence
Ladies and gentlemen, if we glance to human history, the story of women is the story of injustice, inequality, violence and exploitation.
CA: The world's got this terrible inequality, growing
inequality
problem that seems structural.
You can see what these crises do to
inequality
and what they do to our democracy.
You see, the problem isn't that we have some
inequality.
Some
inequality
is necessary for a high-functioning capitalist democracy.
The problem is that
inequality
is at historic highs today and it's getting worse every day.
Because if we do not do something to fix the glaring economic inequities in our society, the pitchforks will come for us, for no free and open society can long sustain this kind of rising economic
inequality.
I'm not making a moral argument that economic
inequality
is wrong.
What I am arguing is that rising economic
inequality
is stupid and ultimately self-defeating.
Rising
inequality
doesn't just increase our risks from pitchforks, but it's also terrible for business too.
Middle-out economics rejects the neoclassical economic idea that economies are efficient, linear, mechanistic, that they tend towards equilibrium and fairness, and instead embraces the 21st-century idea that economies are complex, adaptive, ecosystemic, that they tend away from equilibrium and toward inequality, that they're not efficient at all but are effective if well managed.
Capitalism is the greatest social technology ever invented for creating prosperity in human societies, if it is well managed, but capitalism, because of the fundamental multiplicative dynamics of complex systems, tends towards, inexorably, inequality, concentration and collapse.
Well, this problem, this challenge, is a thing that we must now confront, and I believe that when you have this kind of disengagement, this willful ignorance, it becomes both a cause and a consequence of this concentration of opportunity of wealth and clout that I was describing a moment ago, this profound civic
inequality.
It's a terrible
inequality.
So I can use that to go five years into the future, assuming the income
inequality
of each country is the same.
Not infinite concentration of wealth, but the higher the gap between r and g, the higher the level of
inequality
of wealth towards which society tends to converge.
So this is the largest existing historical database on inequality, and this comes from the effort of over 30 scholars from several dozen countries.
So fact number one is that there has been a big reversal in the ordering of income
inequality
between the United States and Europe over the past century.
So back in 1900, 1910, income
inequality
was actually much higher in Europe than in the United States, whereas today, it is a lot higher in the United States.
So there is more going on here, but I'm not going to talk too much about this today, because I want to focus on wealth
inequality.
So let me just show you a very simple indicator about the income
inequality
part.
So you can see that one century ago, it was between 45 and 50 percent in Europe and a little bit above 40 percent in the U.S., so there was more
inequality
in Europe.
Now, the second fact is more about wealth inequality, and here the central fact is that wealth
inequality
is always a lot higher than income inequality, and also that wealth inequality, although it has also increased in recent decades, is still less extreme today than what it was a century ago, although the total quantity of wealth relative to income has now recovered from the very large shocks caused by World War I, the Great Depression, World War II.
So first, if you look at the level of wealth inequality, this is the share of total wealth going to the top 10 percent of wealth holders, so you can see the same kind of reversal between the U.S. and Europe that we had before for income
inequality.
But you can also show two things: First, the general level of wealth
inequality
is always higher than income
inequality.
So remember, for income inequality, the share going to the top 10 percent was between 30 and 50 percent of total income, whereas for wealth, the share is always between 60 and 90 percent.
Fact number two is that the rise in wealth
inequality
in recent decades is still not enough to get us back to 1910.
So the big difference today, wealth
inequality
is still very large, with 60, 70 percent of total wealth for the top 10, but the good news is that it's actually better than one century ago, where you had 90 percent in Europe going to the top 10.
So this is an important change, and it's interesting to see that wealth
inequality
has not fully recovered to pre-World War I levels, although the total quantity of wealth has recovered.
So what we really want to focus on is the long-run evolution of wealth inequality, and what's going to happen in the future.
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