Q.
How do different markets affect equality of a nation?
Answers
Answer:
The political landscape may seem particularly bleak at present. But, if we stand back and look at the bigger picture, the dominance of rightwing populists and neoliberal policies is likely to be a temporary blip. The evidence is mounting that greater economic equality benefits all people in all societies, whether you are rich, poor or in-between. Once this is widely understood, politicians and policymakers will be forced to take note, as Danny Dorling explains.
For the three decades prior to 2008, some countries, including the US and the UK, chose a path that led to greater inequality, often on the assumption that there was no viable alternative. Yet, even under intensifying globalization, many other nation-states have continued to take a different road and have chosen ever-greater equality. Today, it is through the examples of how life differs between more and less economically equitable countries that we are able to measure the equality effect.