Good News About Inequality

The pre-meeting report of The World Economic Forum, that sought after yearly gathering of 700 high powered decision makers, politicians and others in Davos Switzerland, states that worsening income inequality is the risk most likely to cause damage around the globe in a next decade. The report clearly called the widening gap between rich and poor and the squeeze it places on the world’s middle classes in developed economies as clearly a global risk in 2014. For the third straight year income disparity topped the list of the five most likely global risks over the next decade. The other risks were extreme weather events, unemployment and underemployment, climate change and cyber attacks. That some of the world’s global leaders recognize the importance of income inequality has got to be one of the best news the trend has seen since it was first identified.