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Debt, inequality and austerity

‘In most western countries, inequality is rising, and social mobility has stalled. Our citizens are losing purchasing power. They are struggling to find a decent job, to buy a proper…

The inequality equation

Inequality has always existed in Pakistan for at least one-third of the population which lives below the poverty line. There is no evidence of a drastic change over the decades…

Strike against inequality

This past Thursday night, just hours before the expiration of the United Auto Workers contract with Detroit’s Big Three, UAW president Shawn Fain had plenty on his mind. Most of…

Inequality, poverty, and austerity–I

Two reports recently released clearly indicate that in the wake of pandemic, not only has progress on sustainable development goals (SDGs) overall slowed down significantly, the very first goal in…

Inequality, poverty, and austerity — II

Unfortunately, both the IMF and individual countries practicing these, in or outside of the IMF programme, are not learning from this experience of over-board implementation of monetary- and fiscal austerity…

A nation of savage inequality

Roughly 38,000 US veterans eat from garbage cans every day. So Fox News reported back in January, advocating a helping hand for homeless veterans. It was nice to see the…

Financial inequality breeds contempt

Our society essentially stands divided into three classes. The elite class comprises the top bureaucrats both civil and military, business tycoons and politicians. Then follow two classes – the thinning…

Income inequality: export-led growth only solution

Pakistan is currently in difficult circumstances, grappling with deindustrialization and widespread unemployment. The country’s inflation rate at 36.4% has forced millions of families into subsistence conditions. Shockingly, 22% of the…

Deepening inequality

During the early weeks of Ramazan, we saw multiple photographs and short clips on TV of the prime minister and other federal and provincial ministers handing out bags of flour…