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Aug 15, 2024 · It is dramatic. During the first half of the past century, the average wealth in the Western population hovered at a stable level. Since the end of the Second World War, asset values started to increase, doubling the level in only a couple of decades. From 1950 to 2020, average wealth in the West increased sevenfold.
- Daniel Waldenström
Apr 10, 2014 · 8) Wealth is much more unequal than income. You hear a lot about income inequality, but as this chart makes clear wealth inequality is much more severe. In the United States, just 1 percent of the ...
- Matthew Yglesias
- Burial Gifts from 1000 BC
- Roman Riches Around 1 Ad
- The Feudal Lords of 1000 Ad
- Back to The Present
We do not know a lot about daily life or income inequality at the start of the Iron Age, a time when Latin tribes first set foot on the Italian peninsula, and David — the very same David whom the Bible says defeated Goliath with a sling shot — is believed to have ruled over the United Kingdom of Israel. The general absence of written scripts leaves...
The city of Pompeii, which was incredibly well-preserved under a thick coat of ash produced by the 79 AD eruption of Mount Vesuvius, provides a clear window into what it like to be well-off during the turn of the millennium. Once again, data analysisof archaeological sites around the volcano shows that social inequality increased as time went on an...
In terms of wealth, as much changed between 1 and 1000 AD as did between 1000 BC and 1 AD. The Holy Roman Empire had officially established itself as the dominant power in Europe, carrying on the legacy of ancient Rome. The Holy Roman Empire was a feudal societywherein noble houses obtained land from the emperor in exchange for paying taxes and pro...
Early on in his historical survey of wealth and inequality, Turchin remarks that socioeconomic change need not be spurred by purely economic factors. Culture can also move the markets, often in illogical directions. The uniquely capitalist tendency to view financial success a reflection of merit rather than circumstance, for instance, has built a c...
There are two obvious conclusions: 1. The trend is toward greater inequality, with a significant increase in the wealth owned by the richest 1 percent and 10 percent; 2. The evolution of wealth distribution can be rigorously explained by the evolution of social struggles and power relations between different classes.
- CADTM
Mar 17, 2021 · Here we argue that—even if some disasters may have reduced inequality—the great leveler hypothesis puts us on the wrong footing. Instead, in most cases, disasters have worked to boost inequality.
- Bas van Bavel, Marten Scheffer
- 2021
Jun 1, 2022 · In 1820, some 94 percent of humans lived on less than $2 a day. Over the next two centuries, extreme poverty fell dramatically; in 2018, the World Bank estimated that 8.6 percent of people lived ...
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Mar 25, 2022 · Understanding the origins of wealth and global inequality will guide us in the design of policies that facilitate prosperity over the world, especially via expanded education, gender equality, and ...
