30.05.2018

May: Rising inequality is a threat to democracy!

This issue offers updates from recent work by FES colleagues, partners and friends across the Americas, Africa, Asia and Europe working to tackle the consequences of rising inequalities.

Welcome to the May issue of FES Connect!

The most popular curve in economics showing the dynamics between globalization and rising inequality has a Mammalia sounding name—the elephant curve.

The quirky choice of name is worth it, especially if it helps etch firmly in our heads the worrying trends of rising inequality that lurk beneath the lines: rising inequality is a threat to our democracy!

The graph was first drawn by author and former World Bank economist Branko Milanovic based on newly available data from the past 40 years on wealth and income gains. The curve depicts a trend of globalization that has reduced inequality between industrialized and emerging countries, with the highest income groups in the countries disproportionately benefiting from economic growth. Instead, middle and lower income groups were left hanging in the dirt. The story behind the curve continues with its political implications: staggering income inequality has led to migration from the poorer regions of the globe to developed countries, where right-wing populist movements have seized on this mass migration to score cheap political wins, threatening democracy as we know it.

With this in mind, the May issue of FES Connect offers updates from recent work by FES colleagues, partners and friends across the Americas, Africa, Asia and Europe working to tackle the consequences of rising inequalities.

Scroll down, enjoy the read and don’t forget to read our announcement for June. Did you like our cover illustration? Share it via Twitter or Facebook and invite your friends to subscribe!

Your FES Connect Editorial Team

Note: Your privacy is of our utmost importance. To protect your data even better, we’ve updated our privacy policy in compliance with the statutory provisions governing the handling of personal data of the EU General Data Protection Regulation (GDPR), entered into force 25 May 2018. Read our privacy policy statement. But only after you read our selection of news! ;-)

Newsletter archive

Read and share the archived version of the May newsbrief by FES Connect. Scroll down and enjoy the read! more

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