Working For the Few: Political Capture and Economic Inequality
AbstractEconomic inequality is rapidly increasing in the majority of countries. The wealth of the world is divided in two: almost half going to the richest one percent; the other half to the remaining 99 percent. The World Economic Forum has identified this as a major risk to human progress. Extreme economic inequality and political capture are too often interdependent. Left unchecked, political institutions become undermined and governments overwhelmingly serve the interests of economic elites to the detriment of ordinary people.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 54984.
Date of creation: 20 Jan 2014
Date of revision:
inequality; economic inequality; wealth inequality; income inequality; democracy; political representation;
Find related papers by JEL classification:
- F1 - International Economics - - Trade
- F5 - International Economics - - International Relations, National Security, and International Political Economy
- F6 - International Economics - - Economic Impacts of Globalization
- H1 - Public Economics - - Structure and Scope of Government
- H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
- H5 - Public Economics - - National Government Expenditures and Related Policies
- O1 - Economic Development, Technological Change, and Growth - - Economic Development
- O17 - Economic Development, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
This paper has been announced in the following NEP Reports:
- NEP-ALL-2014-04-18 (All new papers)
- NEP-PKE-2014-04-18 (Post Keynesian Economics)
- NEP-POL-2014-04-18 (Positive Political Economics)
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