PHM-Exch> New Blog: Breaking the Avaricious Circle of Global Inequality

[David Woodward]

My third and final blog in The Broker’s Inequality Debate highlights the key role of undemocratic global governance in creating a vicious circle of ever-increasing economic and political inequality.

“Political systems in practice give greater power to the wealthy (and to corporate and financial interests) than to the poor; and this allows the former to skew decision-making to their own economic advantage. This skewing of economic policies in turn increases makes the rich still richer, at the expense of the poor. Economic inequality rises; and this further increases inequality of power. The result is the most pernicious and intractable of vicious circles.”

You can find the complete blog at http://www.thebrokeronline.eu/Blogs/Inequality-debate/Breaking-the-avaricious-circle-of-global-inequality

David Woodward

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