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President Obama described the widening gap between the very rich and everyone else as "the defining challenge of our time." Is this true? Why is it happening? 
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Tatiana Cutts, a university law lecturer, examines the subject of bitcoin ownership and whether it impacts the fungibility of the digital currency.
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or a man with the unlikely description of “rock-star economist”, there is nothing rock’n’roll about Thomas Piketty’s cramped, book-lined office in a nondescript Parisian office block. By his feet are scattered various foreign translations of his publishing sensation, Capital in the Twenty-First Century: Greek, German, Japanese, and so on. There are 20 foreign editions already published, he tells me with evident pride, and another 37 to come. It must be rather surreal, I suggest: one doesn’t normally expect a French economist to become a global superstar. “Is there something particular with being French, or economists in general?” he jokes in a thick Parisian accent, effecting a faux wounded Gallic pride.
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And the top 1% control half the world’s wealth. As the World Economic Forum begins in Davos, Switzerland, Oxfam International has released a new report called, “Working for the Few,” Via Enzo Calamo
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Nobel Laureate in economics Joseph Stiglitz is still optimistic about the future.
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Opening Plenary, Thomas Piketty and Joseph Stiglitz on Inequality.
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Joseph Stiglitz, Income Inequality and American Democracy. Town Hall Seattle, April 28, 2015.
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Korea JoongAng Daily For Stiglitz, inequality the crux of the problem Korea JoongAng Daily Joseph Stiglitz, professor at Columbia University and recipient of the Nobel Memorial Prize in Economic Sciences in 2001, and SaKong Il, chairman of the...
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Thomas Piketty and Joseph E. Stiglitz discuss the causes of, consequences of, and remedies for inequality. With opening remarks from Clive Cowdery, George ...
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Robert Peston investigates the alarming rise in financial inequality since the 1980s
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The income declines for the rich were steeper than for any other group, while the government has done more to help the middle class and poor.
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The spending habits of the rich played a greater part in the global financial crisis than previously thought, write Bas Bakker and Joshua Felman.
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An unnamed Caribbean island is set to serve as the venue for a secretive, closed-door gathering of elite bitcoin CEOs and luminaries this weekend.
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Mario Draghi has been widely praised for his decision to fire up the European Central Bank’s printing presses to rescue the region’s economy. George Soros isn’t convinced.
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The richest people on Earth got richer in 2014, adding US$92 billion to their collective fortune in the face of falling energy prices and geopolitical turmoil incited by Russian President Vladimir...
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The net worth of the world’s 400 wealthiest billionaires on 29 December stood at $4.1 trillion, according to the Bloomberg Billionaires Index
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Just as there are soft-money extremists (some Fed governors come to mind), there are also hard-money extremists.
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Many of the roots of the current global economic crisis trace back to offshore financial centres located in offshore tax havens. To understand this issue, it is essential to understand the geography of offshore. The tax havens involved in the crisis include not only those located in the smaller, mostly island states like Cayman and Bermuda and Jersey, but also the larger offshore centres like the City of London, Switzerland, Dublin, Delaware or Luxembourg.
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New research from Credit Suisse shows that global wealth inequality has grown wider as economies have recovered, breaking the trend that had seen the rich and poor move closer together before the crisis struck.
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The conventional wisdom now holds that policymakers' response to the 2008 financial crisis enabled the world to escape a repeat of the Great Depression.
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The Forbes 400 is the absolute metric to track the wealthiest Americans, and in 2014, we are seeing the highest number of self-made billionaires ever. Capitalism, it seems, is alive an well.
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From
theweek
In his best-selling book, Capital in the Twenty-First Century, Piketty suggests two inequality-leveling levies: a top income tax rate of at least 80 percent and a global wealth tax on the planet's billionaires of as much as five to 10 percent annually. Now, he realizes this egalitarian plan isn't atomorrow thing. A return to super-high tax rates would defy a decades-long decline among advanced economies. And a global wealth tax — which Piketty describes as "utopian" — would require an almost unimaginable degree of international cooperation to track the 0.01 percent's assets and penalize tax haven countries such as Switzerland.
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The annual rich list published by the Sunday Times has revealed a staggering rise in wealth for Britain’s super-rich.
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Transaction fees could “rise and rise to the point where only rich people can transact” if block sizes aren’t increased, according to Gavin Andresen, Chief Scientist of the Bitcoin Foundation.
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Whilst the majority of people have seen income shrink over the last five years, the richest individuals and families have seen their wealth double over the last five years. The richest now account for one third of GDP.
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Curated by jean lievens
Economist, specialized in political economy and peer-to-peer dynamics; core member of the P2P Foundation
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