Inequality

Published by www.wsws.org Two scenes played out across America yesterday, providing a window onto two separate worlds: one occupied by a small, wealthy elite; the...

The western financial crisis of 2007-8 was the worst since 1931, yet its immediate repercussions were surprisingly modest. The crisis challenged the foundation stones of the long-dominant neoliberal ideology but it seemed to emerge largely unscathed. The banks were bailed out; hardly any bankers on either side of the Atlantic were prosecuted for their

By Jonathan D. Ostry, Prakash Loungani, and Davide Furceri Instead of delivering growth, some neoliberal policies have increased inequality, in turn jeopardizing durable expansion Milton Friedman...