Wealth inequality - sickening facts

5 March, 2013 at 11:18 | Posted in Economics, Politics & Society | 2 Comments

 

 
And in case you think it’s different in e. g. Sweden, you should take a look at the new data from Statistics Sweden .

Inequality continues to increase in Sweden, and this is what I get doing some off-hand calculation (the Gini coefficient is a measure of inequality where a higher number signifies greater inequality) and graphing with Gretl :
 
Sometimes a graph says more than a thousand words …

I would say that what we see happen in Sweden is deeply disturbing. The rising inequality is outrageous – not the least since it has to a large extent to do with income and wealth increasingly being concentrated in the hands of a very small and privileged elite.

Societies where we allow the inequality of incomes and wealth to increase without bounds, sooner or later implode. The cement that keeps us together erodes and in the end we are only left with people dipped in the ice cold water of egoism and greed. It’s high time to put an end to this the worst Juggernaut of our time!

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