NICK BEAMS—The strength, however, of the economic data produced by Oxfam, forms a stark contrast to its prescriptions for dealing with such extreme levels of social inequality. These centre on the development of what it calls a “human economy,” built on different principles from what it calls a “growth economy.” The “human economy” would provide health care, education and gender equality, and create the best conditions for shared wealth. Oxfam, however, has been making such proposals for the past eight years, issuing warnings and calling for a policy switch. But to no avail. Every year the situation worsens, as Oxfam itself acknowledges, and at an accelerating rate. The scourge of social inequality cannot be ended through futile appeals, made to the very powers that preside over the current system, to change course. They are no more capable of that, than the ancien regime in France, prior to the revolution of 1789, or the czarist autocracy in Russia, before 1917.
Category:
POLITICAL ECONOMY
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