Xinhua BEIJING, Feb. 11 in Singapore,
The article said that farce is fermented in North Africa, many observers outside the Arab world, not without proudly say to myself, this is caused by corruption and political oppression. However, rising unemployment, inequality and a shocking basis of skyrocketing commodity prices are also important factors. Observers may wish to ask ourselves, can do something to change their own country with similar economic situation in North Africa.
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many countries in income, wealth and opportunities are not equality should be significantly higher than the last century. Looking at Europe, Asia and the Americas, the relentless pursuit of efficiency allows the company to continue to make huge profits, holds a lot of cash. However, income and wealth between countries inequality is falling, it is because emerging markets maintained strong economic growth's sake. But most people are more concerned about whether they live better than his neighbor, not whether the foreigners than the better off thousands of miles away.
In some countries, low-skilled unemployed workers continue to suffer torture. For example, in a weak financial situation of Spain, the current unemployment rate of more than 20%. At the same time, in order to deal with dangerous debt situation, had to take the new austerity measures.
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disparity problem facing the country in fact, many countries, debt levels are at record highs, leading to lack of majority government to further promote the redistribution of income inequality in the status quo to change the policy space. Some countries such as Brazil, government subsidies for the poor to the rich tax transfer payments are so high that it is possible in order to further endanger the financial stability. Germany not only frustrating to worry about their citizens can not afford, but also to raise aid for the southern neighbors. The reason for the increase of inequality in the United States has long been studied very thoroughly.
inequality is the biggest unknown
19 the next decade, century, Marx was wise to observe the inequality trends, predict the political life of capitalism can not be indefinitely maintained. Eventually, the workers will rise to overthrow the existing regime.
inequality is now once again reached the level 100 years ago, capitalism seems to have gone to the crisis ports. Social unrest could erupt at any time there. The last time the city developed a large-scale demonstrations and riots in the final catalyst for a far-reaching social and political reforms, but also flexor calculation 40 in the coming year ago.
The article said that inequality is not just long-term problems. Concerns on the impact of income inequality have been developed and developing countries severely constrained fiscal and monetary policies. These countries are seeking from the financial crisis to get out of the stimulus.
more important is that a country can deal with serious social unrest caused by inequality of capability is likely to determine when the next round of globalization, it is a winner or loser. Inequality, not only in North Africa, will be global economic growth over the next decade the biggest unknown.
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