Income inequality is here to stay, economist warns

03/27/2014 | New Yorker (free content), The

For much of the 20th century, the global economy grew faster than the rate of return on capital, driving down income inequality. French economist Thomas Piketty believes that was a passing blip and that the world could be reverting to economic trends that will drive up inequality, with "consequences for the long-term dynamics of the wealth distribution [that] are potentially terrifying."

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New Yorker (free content), The

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