Rising inequality and the two party system

The average income of the richest ten per cent of the population is about nine times that of the poorest ten per cent across the OECD, up from seven times, 25 years ago.In emerging economies, such as China and India, a sustained period of strong economic growth has not been evenly distributed and high levels of income inequality have risen further.Brazil is the only emerging economy to reduce inequality in recent years, but the gap between rich and poor is still about five times that of OECD countries.Inequality is now growing within some nation-states as overall wealth has risen and so now we see some of the world’s poorest communities in the richest nations.Australia, for example, is now home to some of the poorest communities in the world.

Source: Rising inequality and the two party system