Inequality is reaching epic levels – just 62 richest individuals own as much wealth as the bottom half of the world’s population and the top 1% of households in the US take away more than 25% of total income generated. Growing inequality is one of the causes of the Great Financial Crisis of 2007. But the consequence of central banks’ monetary policy of quantitative easing to revive the economy is not working well and contributing to greater inequality.

For full article, “Neoliberalism and Growing Inequality” published in Third World Resurgence, Issue 310-311. June/July 2016. pp 17-21.  click here