Global wealth inequality has been falling: Report
“Economic inequality is out of control,” according to Oxfam, which releases a dire-sounding report about inequality every year on the eve of the World Economic Forum in Davos. The 2020 edition faults the supposed “dominance of neoliberal economics, which values deregulation and reduction in public spending,” and the alleged existence of “monopolies,” for “accelerating economic inequality.” “Oxfam focuses primarily on wealth inequality, because it fuels the capture of power and politics, and perpetuates inequality across generations,” the report states. While...