Inequality in the 21st century: Are we moving to one dollar, one vote?

At present, two models to limit excessive inequality exist: The social democracies in Europe and the Chinese model of democracy within the ruling communist party but no adult franchise

A V Rajwade 

A V Rajwade

Ever since the publication of Thomas Piketty’s Capital in the Twenty-First Century in 2013, the issue of inequality in wealth and incomes is being debated by economists, sociologists and politicians.

Many other economists have pursued the same theme since: Bill Emmott (The Fate of the West); Jeremy Waldron (One Another’s Equals); Patrick Deneen (Why Liberalism Failed); Brink Lindsey and Steven Seles (The Captured Economy) and so on. The Economist, which called Piketty “A Modern Marx” after the publication of his book, recently praised a collection of essays, After ...

First Published: Mon, February 12 2018. 05:55 IST