Inequality continues to grow – even in Sweden

18 Mar, 2013 at 19:21 | Posted in Economics, Politics & Society | 4 Comments

Inequality continues to grow all over the world.
And in case you think it’s different in e. g. Sweden, you should take a look at some new data from Statistics Sweden.

The Gini coefficient is a measure of inequality (where a higher number signifies greater inequality) and graphing with Gretl we get this for the disposable income distribution:
SwedenGini1980to2011

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!

4 Comments

  1. On the other hand, as long as everyone has a roof over their head, health care and other basic essentials, plus enough income for a hobby or pastime, does inequality matter?

    I drive a 10 year old Skoda. It’s very reliable. I wouldn’t work one extra hour a week to drive a new Rolls Royce.

    • Good for you, and indeed people shouldn’t be envious and should learn the real values of life. Unfortunately, it’s a well-known fact that inequalities have a noxious effect on society (see eg The Spirit Level, by Wilkinson and Pickett).

      I don’t need a Rolls Royce either (my Lancia Y was born in 2001), but some guys could buy a new one each month, while other hard-working people have a hard time paying off their old Skoda; it does bother me.

      Massive inequalities are not fair. Even if you teach people not to worry about them, it’s still not fair.

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