“We must fight inequality and poverty if we want to re-establish peace and security. Seven million Mexicans live in extreme poverty, which is why I have launched a crusade against hunger. We also have to improve our educational system and stimulate economic growth.” IfsWantFightingGrowthPovertyMillionsEconomicSecuritySevenHungerEducationalExtremesInequalityEconomic GrowthCrusadesEducational SystemExtreme PovertyPeace And Security Author:Enrique Pena Nieto
“When inequality gets to an extreme, it is completely useless for growth.” GrowthExtremesInequalityUseless Author:Thomas Piketty
“It's important to realize that innovation and growth in itself are not sufficient to moderate inequality of wealth.” ImportantGrowthRealizingWealthInnovationInequalitySufficientModerates Author:Thomas Piketty
“There are two economic realities in America today. There's been a record six straight years of job growth, and new census numbers show incomes have increased at a record rate after years of stagnation. However, income inequality remains significant, and nearly half of Americans are living paycheck to paycheck.” YearsTwoShowsRealityTodayJobsAmericaGrowthNumbersHalfRecordsEconomicSixRemainsRateSignificantIncomeInequalityPaychecksStagnationIncome InequalityAmerica TodayCensusJob Growth Author:Lester Holt
“It was shameful that, after Haiti, Colombia was the second most unequal country in Latin America. But we've achieved some things; the inequality is coming down, and coming down fast. The growing economy has provided us with the funds to finance a very progressive social policy that has reduced extreme poverty. We have the lowest inflation rate of all Latin-America countries and the highest growth rate.” CountryAmericaSocialGrowthPovertyEconomyGrowingPolicyHighestDown AndRateExtremesFinanceInequalityFundLatinProgressiveLowestInflationShamefulLatin AmericaHaitiColombiaExtreme PovertySocial PolicyGrowing Economy Author:Juan Manuel Santos
“I don't support everything Bernie Sanders supports, but I support most of it: universal health care, reining in Wall Street, fighting climate change, reversing the growth of income inequality, and so forth. If we could accomplish all this in a couple of years, I'd be delighted. But we can't.” IfsYearsCareFightingGrowthSupportStreetsWallCoupleUniversalClimateClimate ChangeAccomplishIncomeInequalityHealth CareDelightedIncome InequalityUniversal Health Care Author:Kevin Drum
“Decreasing economic growth and increasing inequality leads to increased uncertainty.” GrowthEconomicInequalityUncertaintyEconomic Growth Author:Nicholas Bloom
“Initially, QE contributed to a pretty significant increase in inequality. It raised asset prices, which are owned primarily by the wealthy, while having relatively small if any positive impacts on bank lending, employment, wages or economic growth, so ordinary people haven't had much help. By the third round of QE in 2012-2014, the effects had likely muted quite a bit. There were probably not big impacts on asset prices from QE and the positive effects on employment growth might have strengthened somewhat.” PeopleIfsHelpingBigsMightBitsGrowthEconomicEffectsHavensOrdinaryThirdsIncreaseImpactRaisedRoundsSignificantEmploymentInequalityWealthyAssetsWagesOrdinary PeopleEconomic GrowthLendingPositive ImpactHaving StrengthBig Impact Author:Gerald Epstein
“Increases in interest rates normally worsen inequality, at least partly by reducing employment and wage growth.” GrowthInterestIncreaseRateEmploymentInequalityReducingInterest Rate Author:Gerald Epstein
“There are two economic realities in America in 2016. There's been a record six straight years of job growth, and new census numbers show incomes have increased at a record rate after years of stagnation. However, income inequality remains significant, and nearly half of Americans are living paycheck to paycheck.” RealityGrowthEconomicRateSignificantInequalityStagnation Author:Lester Holt
“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.” DifferentCountrySometimesGrowthPoorRichRateForgottenInequalityRelative Author:Branko Milanovic
“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.” WorldGrowthStudyPerceptionCapitalismInequality Author:Branko Milanovic
“The problem in Peru is not so much poverty - it is inequality. The essence of the discourse in 2005 and 2006 is the same one that we have maintained in 2010 and 2011. My macroeconomic policy is to strengthen and ensure economic growth but with social inclusion.” ProblemGrowthPovertyEconomicPolicyInequalityInclusionEconomic Growth Author:Ollanta Humala
“Through much of its history, the US did not have high inequality as compared with Europe. Less so, in fact. That began to change in the industrial age, reaching a peak in 1928, after the forceful destruction of the labor movement and crushing of independent thought. Largely as a result of labor mobilization, inequality declined during the Great Depression, a tendency continuing through the great growth period of regulated capitalism in the early postwar decades.” AgeGrowthCapitalismLaborDestructionIndependentInequalityCrushGreat DepressionIndependent Thought Author:Noam Chomsky
“Britain is a textbook case of how growing inequality leads to economic crisis. The years before the crash were marked by a sharp rise in remortgaging and the growth of 0% balance transfer credit cards. By 2008 the UK had the highest ratio of household debt to GDP of any major economy.” YearsGrowthCasesEconomyGrowingEconomicBalanceMajorsHighestPercentCrisisCreditDebtCardsInequalityBritainHouseholdCrashTransfersCredit CardTextbooksRatiosGdpEconomic Crisis Author:Frances O'Grady