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Top economists call for action on runaway global inequality (www.theguardian.com)

submitted 1 year ago by [email protected] to c/[email protected]

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The letter says: “We know that high inequality undermines all our social and environmental goals. It corrodes our politics, destroys trust, hamstrings our collective economic prosperity and weakens multilateralism. We also know that without a sharp reduction in inequality, the twin goals of ending poverty and preventing climate breakdown will be in clear conflict.”

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[-] [email protected] 34 points 1 year ago

Caveat Emptor: I have not read the article. I am immediately suspicious of most economists because, at least in the US, they have a decidedly conservative bias. Generally US-based economists side with the concerns of the wealthy and promote policies friendly to them which are often at the expense of the poor and working classes.

[-] [email protected] 24 points 1 year ago

Bingo. Pretty much any non-Marxist economists will favor “the market” over workers. Neoliberalism, the predominant ideology in most western countries, is seen as an alternative to conservatism (very much so in the US), but they’re centrists at best, and conservative-lite at worst.

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this post was submitted on 17 Jul 2023

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