Reshaping the debate: Is capitalism the cause of global inequality?

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Reshaping the debate: Is capitalism the cause of global inequality? - Business Standard

Quick Summary:

As I recently argued, grant financing is especially important in view of another crucial way to reform global capitalism: Barring private lenders from suing defaulting sovereign debtors in developed-country courts.

To their credit, the World Bank and the International Monetary Fund have taken significant steps to assist developing countries.

This shift helps explain why Dr Piketty’s framing of inequality as a domestic issue has resonated strongly with American progressives— and, indirectly, with former President Donald Trump’s Make America Great Again movement.