Acton Institute Powerblog Archives

Post Tagged 'wealth inequality'

Wealth inequality is a First World problem

As the West has become progressively more interventionist, concern with “income inequality” has been eclipsed by “wealth inequality.” However, that focus betrays a certain blindness to a vital economic reality. Measures of equality and inequality tell us nothing about what really matters: a society’s prosperity or poverty. Continue Reading...

The EU’s plan to fight ‘inequality’ is undermined by its own data – and King Solomon

Economic growth is so vibrant in Europe that it is time to begin redistributing all the excess wealth, according to EU officials in Brussels. The European Commission issued its country-specific resolutions on Monday, and it believes the recovery from the Great Recession has been robust enough for EU members to turn their vision toward combating “economic inequality.” “This year, addressing inequality is firmly at the heart of our assessment,” said Marianne Thyssen, the EC’s Commissioner for Employment, Social Affairs, Skills and Labour Mobility. Continue Reading...

What that viral ‘wealth inequality’ video gets wrong

Globalization does not merely mean cutthroat competition; it also means that the best minds from around the world can collaborate and, when necessary, correct one another’s conclusions. Scientists rely on this interplay of minds but so do other disciplines, not least economics, where clear thinking is perpetually in short supply. Continue Reading...