Threatened by unemployment and stagnant wages, the middle class is increasingly feeling the pinch and falling prey to populism, as shown in recent elections and the Brexit vote, international and business leaders in Davos warned.
Brussels is not a hotbed of popular mobilisation. Few rights struggles start here, but it is one of the biggest power centres in the world and it is one of the main chapters in the book on inequality, write Laura Sullivan and Jenny Ricks.
Global wealth become even more concentrated in the hands of the rich in 2016, according to Oxfam. Eight people now control as much wealth as the poorest half of the world's population. EurActiv France reports.
Income inequality is rife within the EU, with average wages in northern member states up to five times higher than those in Southern Europe, according to Eurostat figures published on Monday (12 December).
Fighting tax avoidance should be a cornerstone of a push by EU authorities for greater equality as they seek a response to a rise in populism across the continent, the head of eurozone finance ministers said on Tuesday (6 September).
Worsening inequality is a threat to the achievement of the global Sustainable Development Objectives. To turn the situation around, the governments of developing countries must invest heavily in public services, says Philippe Orliange.
Blockchain is expected to have a larger impact on our business than a potential Brexit, suggests MasterCard’s deputy boss, Ann Cairns. In her view, the technology behind virtual currencies like bitcoin is “a good thing for the future”, she told EurActiv.com.
Legislation is only part of the solution. We need a mix of legislative and non-legislative instruments to tackle persistent gender inequalities, especially in advancing women in high-level positions, but that has to start from the grassroots, says Michael O’Flaherty.
The erosion of the middle class is worrying, because it particularly hurts young people, thus leading to an intergenerational gap. But it is even more worrisome, as it does not seem to have been taken seriously enough so far, said ILO senior economist Daniel Vaughan-Whitehead.
Recent economic thinking has discredited the idea that high inequality stimulates economic growth. Public investment in education is the key to both cutting inequality and achieving sustainable growth, argue Roy Van der Weide, Branko Milanovic and Mario Negre.
Politicians and business leaders gathering in the Swiss Alps this week face an increasingly divided world, with the poor falling further behind the super-rich, and political fissures in the United States, Europe and the Middle East running deeper than at any time in decades.
By sending out strong signals against nationalism, reaching out to religious minorities, the poor and the marginalised, and keeping its climate and development promises, Europe can become the leader in international cooperation, writes Dirk Messner.
The independent Annual Growth Survey group (iAGS) highlights the need for investment, in order to secure Europe's economic recovery. French economist Xavier Timbeau says that Juncker Plan has not delivered.
Some 26 million children and young people in Europe are threatened by poverty or social exclusion after years of economic crisis, according to a new study by the Bertelsmann Foundation, which gave Greece the worst marks in the entire EU.
The US economic recovery is false, according to Nobel Prize winner Joseph Stiglitz. He told La Tribune that sustainable growth can only be achieved by tackling inequality, limiting the power of the financial sector, and reempowering trade unions.
Jean-Claude Juncker’s European Commission has declared its intention to put social issues further up its agenda. Yet, the European Union and its member states need to focus on more than economic growth to foster social justice in Europe, argues Natália Mazotte.