You need to know this. Global inequality just keeps getting worse. According to a new report from the Organization for Economic Cooperation and Development — the OECD — income inequality has reached levels that we haven’t seen in almost 200 years. The report reviewed data from eight regions around the world, and discovered that the gap between the rich and poor has returned to the levels of the Industrial Revolution. And, while the study’s author may not have come right out and said it, much of this inequality was brought on by the disastrous economic policies of Ronald Reagan.
The report says, “It’s hard not to notice the sharp increase in income inequality experienced by the vast majority of countries from the 1980s. There are very few exceptions to this.” In other words, slashing budgets, privatizing the commons, cutting taxes for the rich, and waging war on workers has destroyed all of the economic equality that was created over the past two centuries. The secretary-general of the OECD, Angel Gurria, spoke in France about this report, and called on world leaders to “strengthen our efforts to reduce inequality.” We know how to fix this.
We must continue to fight for higher wages for the working poor, and demand that the super rich contribute more to their nations. We must elect lawmakers who will invest in our infrastructure and education, and punish the massive corporations that exploit workers and our planet. These aren’t new solutions, they’re common sense, and we need fight for them before inequality brings us even further back in our economic history.