, Columnist
Hold the Outrage About Soaring Wealth Inequality
There is a huge gap, but reports that it widened a lot last year are based on dubious analysis.
Where, inevitably, are the customers’ yachts?
Photographer: Balint Porneczi/BloombergThis article is for subscribers only.
The Guardian recently reported a startling development — according to the charity Oxfam, a handful of the world’s richest people got much richer in 2018, while half of the world’s population got much poorer. On Twitter, writer Anand Giridharadas summed up the dire implications:
When Giridharadas urges us not to “be Pinkered” into complacency, he’s referring to psychologist Steven Pinker, whose books convey the message that life for large numbers of people has been improving.