Economy, inequality

Philanthropy for an equitable society


Jagadish Wagle ©  



Inequality, today, is intolerable. During globalisation private investment was highly encouraged for profit and the role of government was defined as a coordinator and welfare provider. Private sector obviously as a profit maker have done tremendous progress, but government is forced to apply austerity measures and now ‘welfare state’ is being questioned by experts. Globalisation was effective during the transition that appeared after the collapse of  Soviet Union and Berlin Wall, but since global  financial crisis began in 2007 the world economy has been hanging on the cliff to get up. Financial crisis, indeed, the outcome of Washington Consensus and finally inequality too. Still more than half of the world population are left hungry despite development process. Now, no more time is left. So…

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