$70 Trillion in Inherited Wealth Shows Global ‘Inequality Emergency’ Spiraling Out of Control

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$70 Trillion in Inherited Wealth Shows Global ‘Inequality Emergency’ Spiraling Out of Control

“Inequality is a crisis in need of concerted action,” said Nobel Prize-winning economist Joseph Stiglitz. A panel of experts convened by South Africa’s president warned Tuesday that the world is facing an “inequality emergency” as the richest people on the planet capture a disproportionate share of new wealth and prepare to pass it down to their […]

In Address on Inequality Amid Pandemic, Pope Calls on Global Community to Confront ‘Destructive Effects of Empire of Money’

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In Address on Inequality Amid Pandemic, Pope Calls on Global Community to Confront ‘Destructive Effects of Empire of Money’

  “Anyone who thinks that the only lesson to be learned was the need to improve what we were already doing, or to refine existing systems and regulations, is denying reality.” Vatican News/YouTube In his third encyclical Sunday morning, Pope Francis denounced free market capitalism and the “magic” theory of trickle-down economics, saying the coronavirus […]