A report released in 2008 by the OECD shows that in most developed countries the gap is growing between the rich and the poor. The important thing to note is that it is growing in most countries. This shows that this growing gap is not inevitable (not that we thought it was – but some do seem to). Since the gap between rich and poor has been growing in Canada and the US (we also have some of the highest child poverty rates), we need to start looking more to countries like France, Greece and Spain, all of whom have seen more equality of incomes over the past twenty years.
Of the G8 countries, the US has the largest income disparity between the highest and lowest income earners. Canada isn’t far behind.
I just came across this video, Neoliberalism As Water Balloon from Tim McCaskell. It’s concise and well done, and makes some good arguments about how our economy is currently functioning to the benefit of those who are the top income earners and/or own corporations. As a side point to the main argument about neoliberalism, and…