Runaway inequality is eroding trust in democratic societies and paving the way for authoritarian and nativist regimes to take root, according to a dire new report from the United Nations.
The findings note that solutions — including robust social safety nets, an active redistribution of wealth and the protection of workers rights — “have been recommended for decades” and are well within the capacity of the world’s wealthy nations.
But in many countries, including the United States, such initiatives have been blocked by “economic elites” because they inevitably threaten the interests of certain stakeholders, the report says, affecting the balance of power in nations that pursue greater economic redistribution.
The Washington Post