The land of the fair go is disappearing, argues former Liberal leader John Hewson, on the release of a new report on wealth inequality. The report warns inequality is increasing rapidly in Australia, posing…
The economic and political focus is increasingly on the inequality of income and wealth as they both rise in Europe and the US. At a conference on Inclusive Capitalism held near the end of May at London’s…
Inequality and its rise across many developed societies poses threats of alienation and marginalisation and has been a feature of numbers of recent publications. Now research led by Simon Burgess at the…
Inequality is limiting South Africa’s economic progress in more ways than we think. For most of the past 20 years, it was simply assumed that economic growth on its own would reduce inequality. This is…
“We are all in this together” has been one of George Osborne’s mantras. And it worked. Substantial parts of the public remain convinced that a noble, collective belt tightening was and remains the right…
OECD data shows some of the most vulnerable in society suffered disproportionately after the last financial crisis.
Dan Himbrechts/AAP
Everybody would agree that growth, defined as a steady increase in gross domestic product, is a necessary condition for economic development. There is simply no country that has reduced poverty and improved…
Hold on to your seats, it’s academy time!
Matt Cardy/PA Archive
It was early and still quiet as I meandered around the recent Academies Show in London. Jars of promotional pens and key chains were lined up, while two young people in smocks painted the words “innovation…
Monumental economics? Time will tell for Thomas Piketty’s ideas on wealth inequality.
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Maxine Montaigne, London School of Economics and Political Science
Thomas Piketty’s recent book on the long-term patterns in wealth inequality, Capital in the 21st Century, has ignited a passionate debate both within academia and, perhaps more interestingly, the wider…
Widespread protests about poor service delivery have rocked South Africa.
EPA/Kim Ludbrook
After two decades of democracy, economic inequality in South Africa remains very high. Survey comparability issues make analysing trends tricky, but it is clear that overall income inequality has not fallen…
The fair go has been selectively reinterpreted as applying only to competitive opportunities for the economically productive.
John Englart (Takver)/Flickr
In the lead-up to the budget, the story of crisis has been hammered home, but there’s more to a country than its structural deficit. So how is Australia doing overall? In this special series, ten writers…
It’s unrealistic and unfair to expect everyone to have the same retirement age.
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Australian Treasurer Joe Hockey has confirmed the pension age will rise to 70 by 2035, meaning all Australians currently aged under 50 will be affected. It follows a recommendation from the Commission…
Even as Australia is preparing for deep budget cuts, a new book questions the basic theory of economic growth.
The Coalition government is currently rehearsing a well-honed rhetoric on “everyone having to do the heavy lifting” to justify Treasurer Joe Hockey’s slash and burn budget on social services and pension…
This train will not be stopping at jail.
Ed Schipul
Every year I ask my class on “Wealth and Poverty” to play a simple game. I have them split up into pairs, and imagine I’m giving one of them $1,000. They can keep some of the money only on condition they…
How can ‘disadvantaged’ students engage better in school?
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The Conversation is running a series, Class in Australia, to identify, illuminate and debate its many manifestations. Here, John Smyth identifies the failure of government policies to tackle the nation’s…
Issues around ‘who gets what’ in Australia may soon become much more central to political debate than under previous governments.
AAP/Alan Porritt
The Conversation is running a series, Class in Australia, to identify, illuminate and debate its many manifestations. Here, Geoffrey Robinson traces the history of Australian political debate on class…
Prime Minister Tony Abbott’s free market, small government leaning overlooks the real issue of social inequality.
Lukas Coch/AAP
Prime Minister Tony Abbott’s address to the World Economic Forum in January delivered a plain, pragmatic message. The best remedy for the uneven recovery of the world economy, according to Abbott, is a…
Obama promises to address inequality through his executive powers if the US Congress won’t.
EPA/Larry Downing
US President Barack Obama is preparing to move on inequality after several long years of frustrated reform, if we are to believe his State of the Union address. This year, according to Obama, is a “year…
All aboard the big bucks bus … not you, sir…
Phil Wilkinson/The Scotsman/PA Wire
In a new report, Working For The Few, Oxfam warns that the fight against poverty cannot be won until wealth inequality has been tackled. The wealth of the richest 1% in the world amounts to $110 trillion…
Cold steel: George Osborne visits JCB’s factory in Staffordshire.
Rui Vieira/PA
George Osborne promised Britain a “march of the makers” – but as yet, there is little sign that a resurgence of manufacturing is helping the economy to rebalance. It would be naïve to assume that manufacturing…
Plenty of food in the shops, so why are people going hungry?
Julien Behal/PA
The only things that seem to be really growing in the UK and US economies these days are hunger and food insecurity. The growth of food banks and other forms of hunger-relief charities is a strong reminder…