Income Inequality Is Hurting The Economy, 3 Dozen Economists Say – Huffington Post

This is an important story reported in the Huffington Post. It’s a RECOMMENDED READ, in my view. Check it out!

via Income Inequality Is Hurting The Economy, 3 Dozen Economists Say.

According to President Obama income inequality is America’s No. 1 issue. However, inequality is increased on his watch.

It’s interest to reflect on increasing income inequality in the UK. Inequality has increased significantly on David Cameron‘s watch. The wealthy have come out of the 2008 financial crash the strongest, with the lower and middle classes still suffering enormous economic and social damage.

Strangely, UK growth is consumer led, on the back of government guarantees for home loans. Also consumer credit is growing strongly again. Meanwhile, the public sector and the business sector has seen capital investment for 2013 plummet. I fear that the UK recovery is still not sufficiently broadly based. BUT more importantly, on the back of austerity UK income inequality will continue to increase.

Any thoughts?

English: Income inequality in the United State...

English: Income inequality in the United States, 1979-2007 (Photo credit: Wikipedia)

 

Enhanced by Zemanta

Denying Climate Change Is Worse Than Spreading the Usual Kind of Conspiracy Theory – It Costs Lives | Mehdi Hasan

This is an excellent, MUST-READ, article by Mehdi Hasan, Political director of The Huffington Post UK. Check it out!

via Denying Climate Change Is Worse Than Spreading the Usual Kind of Conspiracy Theory – It Costs Lives | Mehdi Hasan.

Personally, I am passionate about environmental issues and often angered when I hear the conspiracy theorists at work.

Let me turn this to an open question:

Why are the arguments for and against climate change not portrayed more powerfully by  the G20?

Any thoughts?

Enhanced by Zemanta

English: Sign at Loch Ness ... conspiracy theory?

English: Sign at Loch Ness … conspiracy theory? (Photo credit: Wikipedia)