Inequality between countries has fallen sharply, a trend driven by hte end of colonialism and the rise of India and China.
No, colonialism ended 50 years back. Global inequality started dropping 30 years back.
When those newly independent places stopped listening to the idiot Fabians and started doing what the Washington Consensus said they should. Which is, as we all know, just a list of stupid things you shouldn’t do to an economy.
Inequality has dropped sharply because Western Europe has driven itself into a brick wall, reinforced with concrete blocks separated by sheet of foot thick steel.
Milibrain is doing his best to bring us down to the level of the sand dwelling primitives and so reduce global inequality. And this is a good thing…
I loathe journo-speak. “The world’s richest 60,000 people control three times more wealth than …” No they fucking don’t, they own three times …. (if they actually do, of course).
It’s as bad as the bollocks about, let us say, Tesco controls 20% of the sales of lollipops. No it fucking doesn’t. Lollipop sales are a competitive market. No bugger controls it. Tesco sells 20% of lollipops might, on the other hand, be true.
The column carries the banner “Sensemaker”. Dear God: there’s a case where an abortion might have benefited mankind.
Colonialism may have ended 50 years ago but for a lot of people it was even earlier: India and Pakistan 1947, Uganda 1962 and Kenya 1963, for example.
And not forgetting that place on the other side of the pond in 1776.
From where I sit, you guys on the other side of the pond are trying to turn yourselves into colonies of the ECHR and other supranational organizations. 😉
Most of the countries rising out of poverty and inequality were never colonised, they were *possessions*. Nobody sane left Britain to settle in India or Nigeria or Ghana to tend a farm and raise grandchildren. Canada, Australia, New Zealand, America, *THEY* were colonies, and they got rich in the 19th century.
If you want to see where colonisation is happening, you have to see where the grandchildren are, where the descendants are a significant noticable chunk of the population. Not the imperial administrators doing their five-year stint and then going home.
There were some (insane?) ones in India, East Africa, probably other places. My father was in the RAF in India during WWII and he stayed at least once on tea plantations owned & run by expats. One of them even offered him a partnership in the plantation, which he wisely declined.
Yep, there were never more than 100k Brits in India and 99% of them had gone by 1950.
Colonialism still flourishes. Somalis in Minnesota, Pakis in UK, Muslims in Paris.
The growth of free trade has reduced inequality.
And remember it is TRUMP who is destroying free trade.
It is not socialists who are destroying free trade. Trump is going to increase global inequality with his nationalistic economics.
Nationalism will damage the globe.
Whah! Whah! Whah!
Stop crying.
You’ll have to prove that one, bud…. With actual verifyable statistics, not Slogans….