About inequality in China:
The National Bureau of Statistics this month released an updated estimate that the country\’s Gini co-efficient, a measure of income disparity, had reached 0.474 – well above the 0.40 level considered a trigger for social discontent.
Given that the Gini in both the UK and US is well below .40* then it can\’t be inequality that\’s causing social discontent then, can it?
*Yes of course this is measured after tax and benefits. Worstall\’s Fallacy and all that.