Tag Archives: income inequality

Our fragile economy demands leadership with strategic foresight

Economic prosperity for any nation is not an outcome achieved on the basis of one policy focus and strategy. It is a result of a carefully chosen and managed set of development drivers and priorities in a complex system with a causal network of linkages that must work together to deliver the economic growth and…

Leave a comment Continue Reading →

Tackle inequality vigorously to reduce racism and other social pathologies

A unique characteristic of South Africa as a society is the racialised structural inequality and unemployment inherited from the apartheid period. It was an intended and planned outcome of a warped strategy and a set of policy positions designed and rigorously implemented to achieve it. In a very weird way the outcome was hugely successful…

3 Comments Continue Reading →

Global inequality is much worse than we thought

It’s familiar news by now. According to Oxfam, the richest 1% now have more wealth than the rest of the world’s population combined. Global inequality is worse than at any time since the 19th century. For most people, this is all they know about global inequality. But Oxfam’s wealth figures don’t quite tell the whole…

5 Comments Continue Reading →

So what is income inequality? How is it measured?

Income inequality in Africa is wide and persistent, particularly in South Africa. Will the country’s proposed national minimum wage lessen it? South Africa suffers from a large income gap between rich and poor. A 2013 survey by the Organisation for Economic Co-operation and Development suggested that “no progress towards income equality has been made since…

3 Comments Continue Reading →

Let’s talk about ‘black tax’

The history of the American Negro is the history of this strife — this longing to attain self-conscious manhood, to merge his double self into a better and truer self. In this merging he wishes neither of the older selves to be lost … he simply wishes to make it possible for a man to…

11 Comments Continue Reading →

Why it’s important for our health to get rid of the neoliberal regime

In his riveting study, What about me? The Struggle for Identity in a Market-Based Society (trans. Hedley-Prôle, J. London: Scribe Publications, Kindle edition, 2014), the Belgian psychoanalyst, Paul Verhaeghe, gives a resoundingly affirmative answer to the question: “Is there a demonstrable connection between today’s [neoliberal capitalist] society and the huge rise in mental disorders?” Many…

22 Comments Continue Reading →