Inequality and Liberal Democracy: A Disturbing Association
Source: TeleSUR English
The evidence from Thomas Piketty, the United Nations, and other sources is quite conclusive that we now have rates of inequality in the North and globally that are unprecedented. Neoliberal policies that have reigned since the 1980s, in the form of Reaganism and the Third Way in the North, and in the shape of IMF-imposed structural adjustment and WTO-compliant trade liberalization in the South, have been responsible for this bleak situation. In his celebrated book Capital in the 21st Century, Piketty says that, in fact, things are likely to become even worse: