Income inequality: poverty falling faster than ever but the 1% are racing ahead | News | The Guardian

This is an excellent article published in the Guardian, showing latest global data on income inequality. It’s a must-read. Check it out!

via Income inequality: poverty falling faster than ever but the 1% are racing ahead | News | The Guardian.

I recommend that you read the article yourself. For me, two things stood out. Firstly, the incomes of the poor have been rising but nowhere near as fast as the top 1%. Secondly, that national policy options make a huge difference, with disparities being greater in Anglo Saxon countries.

Thoughts?

What should Europe’s policy be towards Russia ? Fondation Robert Schuman – The Research and Studies Center on Europe

Map of the federal subjects of the Russian Fed...

Map of the federal subjects of the Russian Federation. (Photo credit: Wikipedia)

This is an outstanding, must-read essay published by Fondation Robert Schuman – The Research and Studies Center on Europe.

via What should Europe’s policy be towards Russia ? Fondation Robert Schuman – The Research & Studies Center on Europe.

The essay proposes five strategic priorities for Europe to strengthen her policy towards Russia, recognizing that under Putin, Russia will be Europe’s competitor.

I must say that this essay has caused me to reconsider my own views. I have been critical of the effectiveness of economic sanctions on Russia. I suppose that I had hoped simplistically that Russia would want to return to her policy of opening the Russian economy to Western investment – this would provide ordinary Russians with the greatest chance at economic prosperity, after all look at modern China.

I still have some deep doubts. Firstly, I’m not convinced that Putin can ignore the needs of the Russian people indefinitely. Secondly, I’m not convinced that Europe wants to throw a massive amount of money into the Ukraine – in many respects the Ukraine would be a bigger risk than Greece.

Thoughts?