A Quote by Branko Milanovic
In the U.S. when people like me started writing things about inequality, the economic journals had no classification for inequality. I couldn't find where to submit my inequality papers because there was no such topic. There was welfare, there was health issues, there was trade obviously. Finance had hundreds of sub groups.
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True education makes for inequality; the inequality of individuality, the inequality of success, the glorious inequality of talent, of genius.
When I was poor and I complained about inequality they said I was bitter. Now I'm rich and I complain about inequality they say I'm a hypocrite. I'm starting to think they just don't want to talk about inequality.
Inequality hardens society into a class system. Inequality divides us from one another... Inequality undermines democracy.
Most people believe that inequality is rising - and indeed it has been rising for a while in a number of rich countries. And there is lots of talk and realization of this. It's harder to understand that at the same time, you can actually have global inequality going down. Technically speaking, national inequality can increase in every single country and yet global inequality can go down. And why it is going down is because very large, populous, and relatively poor countries like India and China are growing quite fast.
I think, unfortunately, we've always lived in a world of massive inequality: inequality between the haves and the have-nots, inequality between men and women that not only exists temporally but geographically as well.
We in America were worried about many problems dealing with economic inequality and political inequality. The Communist Party seemed to be the only political force, both concerned and willing, to take action to stop the threat of fascism abroad and to work for economic and political reform in this country.
What is different between national inequality and global inequality is you have another element there that is sometimes forgotten: what matters for global inequality is relative growth rates between poor and rich countries.
It's really difficult for mainstream - let's say, cable outlets - to talk about things like income inequality, wealth inequality when the advertisers that are funding their shows are the same corporations that want to ensure that the same system continues.
I was at the World Bank and a commission reviewed our work on inequality for the U.S. Congress or somebody, and the head of the commission said to us: "You are spending taxpayer money to study issues like inequality? Which goes directly against capitalism and growth." That was the perception, that it should not be studied.
Hillary Clinton, income inequality, it's richest damn woman next to the Kennedy family, and you're trying to tell me she cares about income inequality?
Stark inequality, poverty, and unemployment are driving increased social unrest and, consequently, social and economic risk. Environmental deterioration may well intensify social inequality.
I think, from a progressive point of view, to have a Democratic Congress and a Democratic White House, and to have spent the time on Obamacare, which had real benefits, 20 million insured, but not on inequality, was a major cost to the Democratic Party, costing them their majorities, but also a bit of a cost to the country, because it didn't address the fundamental issues that led to Donald Trump and that led to a lot of unhappiness, just the continued widening inequality.
Income inequality has no necessary connection with poverty, the lack of material resources for a decent life, such as adequate food, shelter, and clothing. A society with great income inequality may have no poor people, and a society with no income inequality may have nothing but poor people.
Global inequality is such an abstract concept, simply because there is no global government. Telling people in rich countries who have had no increase in real incomes, stagnant median wages and so on, that on the other hand global inequality is going down because people who are much poorer than them are getting richer - it's something that maybe they would like in an abstract sense, because everyone is happy there are fewer poor Chinese, but you may not be as happy if these Chinese are taking your job.
You need some inequality to grow... but extreme inequality is not only useless but can be harmful to growth because it reduces mobility and can lead to political capture of our democratic institutions.
History and socio-economic inequality and all those things had, like, borne down upon my family and my community and really sort of narrowed our choices.
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