From VoxEU: Study of capital accumulation, private property and #inequality in #China over the term 1978 - 2015 Income share of bottom 50% trending sharply down

We can speak about , writing an emotional toot how bad it is and that it really needs to change...

...and we also can think of how to overcome it.

Within mastodon people from around the world in all sorts of different economic situations are here

We are the once able to overcome inequality If we act in .

We have learned enough to know how bad inequality is.
Let's bring us through the closer to .



Economist Robert Solow on improving the measurement and understanding of economic #inequality in the US (contains a fair amount of accounting nerdery)

#Brooking Inst research on the state of US #Workingclass; decline of stable 2 parent households (principally among White blue-collar families) falling labor force participation, #inequality, collapse of the "American Dream"

@msk believe me that #inequality is high on my list to #smash

the market is sure not fixing it

#BigData #MachineLearning and #Society

"we are embedding our biases, and calling them objective, but we are actually obscuring them from view"

"How #BigData Increases #Inequality and Threatens #Democracy"~ bias in predictive modelling~ trouble with #algorithms

"Machine learning doesn't create fairness
It propagates past practices
It automates the status quo"

'Weapons of Math Destruction' by Cathy O’Neil

Once again, the Italian government is about to spend €71bn in taxpayer money to bail out private banks.

There's something so deeply wrong about this I can't even start to explain it to myself.

'We've got to take the power back'
#Italy #inequality #banks #capitalism

#Grenfell has to be the point where we recognise collectively the criminally destructive effects of Britain’s class inequality.
When inequality is permitted to flourish, its effects bear down all the more on those at or near the bottom. The experience of material poverty is compounded by the assumption that you caused your own poverty through being stupid.
#inequality #UK #freemarketmyarse

I wrote a bit about wealth inequality and engagement with the political system to bring about change:

#inequality #capitalism #usa #politics

Dean Baker (@deanbaker13 on Twitter) argues current Intellectual Property law increases #inequality, and empowers a rentier class at
the expense of everyone else