Harold Lars Goldston III

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Maybe Occupy Wall Street Wasn't Such A Failure After All

One year on, the movement was was widely deemed a failure. Two years on, we may be seeing delayed success.<p>On the first anniversary of the protests, The New York Times' Joe Nocera declared the movement all but dead. The protest sought to draw attention to rising economic inequality in America and …

Wealth Inequality Is a Problem, but How Do You Even Begin to Solve It?

<i>Europe's hot new idea: Slashing compensation</i><p>You might consider America's vast wealth inequality, vividly illustrated in this viral video, to be offensive, infuriating, or irrelevant. But it is not terribly mysterious.<p>Rich people have more money. More money tends to lead to bigger properties, fatter …

Fixing Inequality Can Save Us From the Next Crisis

Americans are egalitarian. This trait has long frustrated plutocrats who, more than a century ago, invented Social Darwinism to teach that the rich …

Global Finance Magazine - Income Inequality and Wealth Distribution by Country

August 22, 2012Project Coordinator:<p>Income inequality and wealth distribution are two different concepts, in that income inequality focuses …

United States Is Now the Most Unequal of All Advanced Economies

The United States has such an unequal distribution of wealth so that it's in the league of corrupt underdeveloped countries, no longer in the league of the developed nations, according to the latest edition of the world's most thorough study of wealth-distribution.<p>The most authoritative source …

Widening gap between rich and poor threatens to swallow us all

As we enter another year of global uncertainty, government and business leaders are heading to the World Economic Forum in Davos as its own Global Risk report (pdf) identifies growing inequality for the second year as one of the biggest potential challenges the world is facing.<p>The Occupy protests …

Do The Protests In Brazil Hold A Warning For The US?

In Brazil, the unthinkable is happening. People are rioting, setting cars on fire, and causing pandemonium outside that nation’s most revered institutions. Last month the <i>New York Times</i> reported that protests have grown so large and disruptive that President Dilma Rousseff has been forced to take …

Reading Turkey's tea leaves shows enduring wealth gap

RIZE, Turkey (Reuters) - In the verdant hilltop villages of Rize, images of Prime Minister Tayyip Erdogan, the region’s second most famous export after tea, hang from the windows of partially-built houses.<p>There is deep pride here in the man whose family left this north-eastern, pious backwater 44 …

The 85 Richest People In The World Have As Much Wealth As The 3.5 Billion Poorest

As the World Economic Forum begins in Davos, Switzerland, Oxfam International has released a new report called, “Working for the Few,” that contains some startling statistics on what it calls the “growing tide of inequality.”<p>The report states:<p>Almost half of the world’s wealth is now owned by just …

Video

Top Stories<p>The Latest News from the UK and Around the World | Sky News<p>Johnson speech threat to May leadership<p>The former foreign secretary will …

Could America's Wealth Gap Lead To A Revolt?

All the talk about income and wealth inequality over the last couple of years begs the question: Could the wealth gap lead to a revolt?<p>In some ways, last week’s fast food worker strikes and rallies affecting businesses like McDonald’s, Wendy’s, Burger King, and Yum Brand’s Taco Bell, Pizza Hut, and …

The China Miracle: A Rising Wealth Gap

Over the last 20 years, China has become one of the biggest economies on earth, surpassing Japan and one step behind the United States. In doing so, it left millions of Chinese in the dust. And now, a common scene in Beijing is poor locals offering candy and window washing services for the nation’s …

India's complex mix of wealth and poverty

MUMBAI, INDIA // The Mumbai slum of Rafiq Nagar has no clean water for its shacks. No garbage pickup along the rocky, pocked earth that serves as a …

Poverty and wealth inequality on the rise in Mexico

<i>An article I wrote a couple of weeks back after the publication of a new report on poverty in Mexico:</i><p>Rising poverty levels expose wealth inequality …

Poverty Rises With Wealth in Indonesia

Rising numbers of Indonesians are unable to grow out of homes such as this one on the riverbank of Ciliwung in South Jakarta. Credit: Alexandra Di …

In Nigeria, oil divides the rich and poor

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Nigeria