How government policies in India and China are widening income inequality

Wealth inequality continues to grow, according to the 2018 edition of the World Inequality Report. In the past three decades, 28% of the aggregate increase in real incomes in North America and western Europe was captured by the top 1% of earners. The bottom half saw less than 10% of this increase. Inequality has also settled at alarmingly high levels in sub-Saharan Africa and the Middle East.

This crisis was never inevitable. Middle-class wealth reached its peak in the mid-1980s. But it’s...

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