<?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:atom="http://www.w3.org/2005/Atom" version="2.0" xmlns:itunes="http://www.itunes.com/dtds/podcast-1.0.dtd" xmlns:googleplay="http://www.google.com/schemas/play-podcasts/1.0"><channel><title><![CDATA[EQUALS: Blog]]></title><description><![CDATA[A blog about inequality and how to tackle it.]]></description><link>https://www.equals.ink/s/blog</link><image><url>https://substackcdn.com/image/fetch/$s_!9Xo2!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd509f8c7-5a64-4db1-8403-288e71794eba_572x572.png</url><title>EQUALS: Blog</title><link>https://www.equals.ink/s/blog</link></image><generator>Substack</generator><lastBuildDate>Wed, 17 Jun 2026 08:04:09 GMT</lastBuildDate><atom:link href="https://www.equals.ink/feed" rel="self" type="application/rss+xml"/><copyright><![CDATA[Equals]]></copyright><language><![CDATA[en]]></language><webMaster><![CDATA[equals@oxfam.org]]></webMaster><itunes:owner><itunes:email><![CDATA[equals@oxfam.org]]></itunes:email><itunes:name><![CDATA[Equals Bulletin]]></itunes:name></itunes:owner><itunes:author><![CDATA[Equals Bulletin]]></itunes:author><googleplay:owner><![CDATA[equals@oxfam.org]]></googleplay:owner><googleplay:email><![CDATA[equals@oxfam.org]]></googleplay:email><googleplay:author><![CDATA[Equals Bulletin]]></googleplay:author><itunes:block><![CDATA[Yes]]></itunes:block><item><title><![CDATA[A trillion reasons to tax the super-rich]]></title><description><![CDATA[By Anthony Kamande]]></description><link>https://www.equals.ink/p/a-trillion-reasons-to-tax-the-super</link><guid isPermaLink="false">https://www.equals.ink/p/a-trillion-reasons-to-tax-the-super</guid><pubDate>Fri, 12 Jun 2026 20:44:21 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!B2qc!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc836e549-eb45-4bbc-b069-023854ef549c_1379x896.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>If your net wealth is $1,000, it&#8217;ll take you about 17 minutes to count it; a little over a day if it&#8217;s $100,000; and 12 days if it&#8217;s $1 million. It would take <a href="https://www.forbes.com/real-time-billionaires/">Elon Musk, the first-ever dollar trillionaire</a>, more than 38,000 years nonstop to count all his more than $1,200,000,000,000 wealth (his net wealth as of 12 June 2026). His wealth rose by more than $400 billion in just few hours on 12 June 2026.</p><p>To contextualise this further, Musk is now $300 billion wealthier than 3.8 billion people in the world. If he were a country and his wealth were the GDP, the one-person Republic of Musk would be the 20th-largest economy in the world. If he were to spend $1 million per day, it would take him more than 3,280 years to exhaust his wealth. One of my friends said that for him losing $10 in one night would be a disaster for him. Feels like a joke, but not for billions of people.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!B2qc!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc836e549-eb45-4bbc-b069-023854ef549c_1379x896.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!B2qc!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc836e549-eb45-4bbc-b069-023854ef549c_1379x896.png 424w, https://substackcdn.com/image/fetch/$s_!B2qc!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc836e549-eb45-4bbc-b069-023854ef549c_1379x896.png 848w, https://substackcdn.com/image/fetch/$s_!B2qc!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc836e549-eb45-4bbc-b069-023854ef549c_1379x896.png 1272w, https://substackcdn.com/image/fetch/$s_!B2qc!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc836e549-eb45-4bbc-b069-023854ef549c_1379x896.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!B2qc!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc836e549-eb45-4bbc-b069-023854ef549c_1379x896.png" width="1379" height="896" 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srcset="https://substackcdn.com/image/fetch/$s_!B2qc!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc836e549-eb45-4bbc-b069-023854ef549c_1379x896.png 424w, https://substackcdn.com/image/fetch/$s_!B2qc!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc836e549-eb45-4bbc-b069-023854ef549c_1379x896.png 848w, https://substackcdn.com/image/fetch/$s_!B2qc!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc836e549-eb45-4bbc-b069-023854ef549c_1379x896.png 1272w, https://substackcdn.com/image/fetch/$s_!B2qc!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc836e549-eb45-4bbc-b069-023854ef549c_1379x896.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>In 2024, my colleagues and I at Oxfam projected that we would see <a href="https://www.cnbc.com/2024/01/22/world-will-have-its-first-trillionaire-within-a-decade-report-finds.html">the first trillionaire in a decade</a>. We did not think it would happen quite as fast, but it&#8217;s no surprise to those of us who have been following and speaking about the dangerous inequality explosion.</p><p>Since the turn of this decade, we have seen a massive concentration of wealth at the top. In nominal terms, i.e. not adjusted for inflation, the world&#8217;s billionaires&#8217; wealth is now 2.5 times higher than at the start of 2020, having grown from $8 trillion to more than $20.1 trillion as of 12 June 2026, according to data from the Forbes billionaires list.</p><p><strong>Too much wealth and power in a few people</strong></p><p>Just imagine what such wealth in the hands of a few people can do to the world. For a start, it can buy influence and political power. Politicians will do your bidding, and government policies can easily be used to appease you. The media &#8211; even if not under your full ownership and control (although much of it may be)- will be paying attention to every word you say, and the world will be keenly following it.</p><p>That could mean influencing an election in some distant land, sowing division and deciding what people talk about and how. These are not hypothetical examples: <a href="https://www.oxfam.org/en/research/resisting-rule-rich">seven of the top 10 biggest media companies in the world are owned by billionaires</a>.</p><p>No person should have such a massive amount of wealth-it&#8217;s too corrosive. Too dangerous.</p><p><strong>Trillionaires and extreme poverty in the same world</strong></p><p>Even as we get the first dollar trillionaire, the rest of the world is suffering. Globally, nearly <a href="https://pip.worldbank.org/poverty-calculator">3.8 billion people are living in poverty</a>, <a href="https://www.fao.org/faostat/en/#data/FS">2.3 billion lack enough food</a>, and <a href="https://unhabitat.org/nearly-half-of-humanity-caught-in-a-global-housing-crisis">3 billion people are facing a housing crisis</a>. And governments are dealing with bankruptcies.</p><p>The ongoing war in the Middle East and the closure of the Strait of Hormuz have set food and energy prices soaring, hitting workers and poor people, especially in the world&#8217;s poorest countries, the most. Extreme <a href="https://www.wfp.org/news/wfp-projects-food-insecurity-could-reach-record-levels-result-middle-east-escalation">hunger</a> and <a href="https://www.undp.org/press-releases/military-escalation-middle-east-could-push-more-30-million-people-poverty-worldwide-un-development-programme-warns">poverty</a> are expected to rise.</p><p>While this is happening, the <a href="https://tradingeconomics.com/united-states/stock-market">stock market has hit a record high</a>, further cementing the wealth of the richest. It&#8217;s the irony of the world we are living in: too much suffering and too much pain for the majority and too much wealth for a few.</p><p><strong>This inequality is because of bad policies</strong></p><p>This massive accumulation of wealth is due to bad policies by governments, especially the powerful ones. Mega corporations and their wealthiest owners have enjoyed lower taxes, benefited from deregulation and government subsidies. Musk himself is a big <a href="https://www.oxfam.org/en/press-releases/soon-be-trillionaire-elon-musks-wealth-grew-over-1-million-minute-last-year">beneficiary of the American taxpayers</a>. This has enabled him to build his empire.</p><p>Oxfam&#8217;s research shows that <a href="https://www.oxfam.org/en/press-releases/billionaire-wealth-surges-2-trillion-2024-three-times-faster-year-while-number">about 60% of billionaires&#8217; money is not merited</a>. It has been gained through cronyism, monopoly, and inheritance - these are takers, not makers</p><p>It&#8217;s a free market for the rest of us and a welfare state for the richest. Nobody should lie to you that billionaires are the most hardworking, most innovative people in the world.</p><p><strong>It&#8217;s time to tax the super-rich</strong></p><p>Tackling wealth accumulation and investing in the common good, like healthcare and decent, affordable housing, is what governments should be doing. It requires decisiveness and bold policy.</p><p>A permanent wealth tax on the super-rich can help keep inequality in check, especially if it is designed in a <a href="https://oxfamilibrary.openrepository.com/server/api/core/bitstreams/fc01671c-5a36-4137-94ec-4bb2b7a6d16a/content">progressive way</a> where the rates paid by billionaires and trillionaires are far higher than for those that are &#8216;merely&#8217; multi-millionaires or centi-millionaires. A much higher rate of tax would be needed to actually reduce inequality- last week the economist Thomas Piketty recommended a permanent tax on billionaires of 20%.</p><p>The money generated from such a tax could mean a lot to billions of people and governments. Just as a thought experiment, a one-off 10% tax on Musk&#8217;s $1.2 trillion dollars would raise $120 billion-enough to end extreme poverty in the world for a year. He would still be a trillionaire.</p><p>Any wealth tax should be accompanied by other measures, such as regulations to break up monopolies and oligopolies that hinder fair competition and exploit consumers, and stronger protections for workers&#8217; rights.</p><p>Finally, governments must set up clear timebound targets to rapidly reduce inequality and monitor progress. They should aim for a Palma ratio of 1 or below- this means the top 10% would not earn more than the bottom 40%. That means that, on average, a person in the richest 10% will still be 4 times richer than someone in the bottom 40%. So far from perfect equality, but much better than today, where the richest 10% can be <a href="https://www.wider.unu.edu/project/world-income-inequality-database">5, or 10 times richer than the bottom 40%.</a></p><p>The world cannot afford trillionaires, or indeed billionaires, while the majority of people sleep hungry and tens of millions die from preventable diseases. Governments need to take bold action. And we citizens must demand they do the right thing.</p><p><em><strong>END.</strong></em></p><div><hr></div><p><strong>Author:</strong> Anthony Kamande is Inequality Research and Policy Advisor at Oxfam International.</p>]]></content:encoded></item><item><title><![CDATA[Why I Turned Global Inequality into a Play ]]></title><description><![CDATA[Inspired by Jason Hickel's book &#8220;The Divide,&#8221; Christine Bacon&#8217;s play &#8220;A Fine Idea&#8221; examines the systems that sustain global inequality.]]></description><link>https://www.equals.ink/p/why-i-turned-global-inequality-into</link><guid isPermaLink="false">https://www.equals.ink/p/why-i-turned-global-inequality-into</guid><dc:creator><![CDATA[Christine Bacon]]></dc:creator><pubDate>Tue, 09 Jun 2026 10:21:58 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!Mdlz!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F43c3d4f3-dd52-4cff-b8c1-0d264192ce0f_1920x1080.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>For more than two decades, my theatre company, <a href="https://iceandfire.co.uk/">ice&amp;fire</a>, has focused on telling stories of isolated cases of injustice and human rights violations, exploring how they affect people and marginalised groups. But after reading political economist Jason Hickel&#8217;s book &#8220;<em>The Divide</em>,&#8221; I realised there was one issue we had failed to confront head-on: the global economic system that drives many of these injustices in the first place.</p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.equals.ink/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://www.equals.ink/subscribe?"><span>Subscribe now</span></a></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!Mdlz!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F43c3d4f3-dd52-4cff-b8c1-0d264192ce0f_1920x1080.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!Mdlz!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F43c3d4f3-dd52-4cff-b8c1-0d264192ce0f_1920x1080.png 424w, https://substackcdn.com/image/fetch/$s_!Mdlz!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F43c3d4f3-dd52-4cff-b8c1-0d264192ce0f_1920x1080.png 848w, https://substackcdn.com/image/fetch/$s_!Mdlz!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F43c3d4f3-dd52-4cff-b8c1-0d264192ce0f_1920x1080.png 1272w, https://substackcdn.com/image/fetch/$s_!Mdlz!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F43c3d4f3-dd52-4cff-b8c1-0d264192ce0f_1920x1080.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!Mdlz!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F43c3d4f3-dd52-4cff-b8c1-0d264192ce0f_1920x1080.png" width="1456" height="819" 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srcset="https://substackcdn.com/image/fetch/$s_!Mdlz!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F43c3d4f3-dd52-4cff-b8c1-0d264192ce0f_1920x1080.png 424w, https://substackcdn.com/image/fetch/$s_!Mdlz!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F43c3d4f3-dd52-4cff-b8c1-0d264192ce0f_1920x1080.png 848w, https://substackcdn.com/image/fetch/$s_!Mdlz!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F43c3d4f3-dd52-4cff-b8c1-0d264192ce0f_1920x1080.png 1272w, https://substackcdn.com/image/fetch/$s_!Mdlz!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F43c3d4f3-dd52-4cff-b8c1-0d264192ce0f_1920x1080.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>I was confronted with my own lack of awareness about why such vast inequality exists between the Global North and the Global South. I also realised that, as a company, we had not engaged in a meaningful way with Article 25 of the Universal Declaration of Human Rights. It is arguably the most under-fulfilled human right of them all, affecting billions of our fellow human beings:</p><p>&#8216;<em>Everybody has the right to a standard of living adequate for the health and wellbeing of himself and his family &#8230;&#8217;</em></p><p>I reached out to Jason Hickel, and we had many long conversations. Jason previously worked in international development and was a passionate believer in the narrative of aid as the solution to global inequality. But once he started digging, that belief was shaken to its core. Those conversations are what finally led me to write a play called &#8220;<em>A Fine Idea.</em>&#8221; The play looks at human rights in a more expansive way, drawing our attention to the structural drivers of an extreme status quo. I wanted to explore whether theatre could help audiences engage with ideas traditionally confined to economics books, policy papers and academic conferences.</p><p>Much of the action takes place in Kenya during the June 2024 Gen Z uprising. This historic mobilisation saw massive numbers of (mostly) young Kenyans take to the streets to demand that the Finance Bill 2024 be rejected and not passed into law. Crucially, these young protesters were explicitly joining the dots between proposed sweeping domestic tax hikes, including on basic goods like bread and cooking oil, and the rigid conditionalities attached to International Monetary Fund (IMF) loans. What began as peaceful protests turned deadly; scores of young Kenyans were killed by police, many were abducted, and some remain missing.</p><p>This is not an isolated phenomenon. This youth-led resistance represents a tectonic shift echoing across the Global South. In recent years, from Kenya to Nepal, Bangladesh, the Philippines, Morocco, Madagascar and Indonesia, a new generation is rising. They are refusing to accept the suffocating logic of austerity imposed from afar.</p><p>Conversations with Kenyan activists and experts, including the incredible Wanjira Wanjiru have deepened our understanding of these protests and the profound economic questions surrounding them. While most people in the Global North view the Bretton Woods institutions as positive or neutral, Wanjira pulled no punches when we asked for her perspective, describing them as &#8220;a cancer within our continent.&#8221;</p><p>What made me write this play is not simply the scale of global inequality, but how normalised it has become. We treat poverty, debt and inequality as facts of life rather than the consequences of economic systems shaped by political choices. &#8220;<em>A Fine Idea&#8221;</em> is an attempt to open up that conversation and ask whether a different future is possible.</p><p><em><strong>END.</strong></em></p><div><hr></div><p>For those interested in exploring these questions further, &#8220;<em>A Fine Idea&#8221;</em> will run at the Arcola Theatre in London from 11 June to 4 July.<a href="https://www.equals.ink/s/podcast"> </a><strong><a href="https://www.equals.ink/s/podcast">EQUALS podcast</a> subscribers can access &#163;15 tickets using the code 15JO.</strong> I&#8217;d love to see you there &#8213;and please share these details with anyone who might want to join the conversation.</p><p>On the final performance on 4 July, <span class="mention-wrap" data-attrs="{&quot;name&quot;:&quot;Jason Hickel&quot;,&quot;id&quot;:557413,&quot;type&quot;:&quot;user&quot;,&quot;url&quot;:null,&quot;photo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!sPWe!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Faa6d91c6-e2c4-40db-9c11-e61c742472c4_1512x1512.jpeg&quot;,&quot;uuid&quot;:&quot;b1a18940-c7ce-4848-a125-6dbf4d207110&quot;}" data-component-name="MentionToDOM"></span> will join us for a post-show discussion to explore the themes of &#8220;<em>The Divide</em>&#8221; and the wider questions of global inequality raised by the play, followed by an audience Q&amp;A.</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://www.equals.ink/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading EQUALS! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><div><hr></div><p><strong>Author:</strong> <em>Christine Bacon is the Co-Artistic Director of ice&amp;fire theatre and the writer of the play &#8220;<a href="https://www.arcolatheatre.com/event/a-fine-idea/">A Fine Idea.&#8221;</a> She is also trustee of the <a href="https://star-network.org.uk/">Student Action for Refugees</a>.</em></p><p>Listen to our<a href="https://www.equals.ink/p/the-privatization-of-education-and"> latest episode with Guy Standing</a> on the profit-churn approach of modern education, inequality, basic income, and how to reclaim common goods.</p><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;221742d2-6e6f-4476-bc65-5553ae8a66dd&quot;,&quot;caption&quot;:&quot;What happens when basic public goods become a private, paid for service, education becomes a profit-turning treadmill and meanwhile millions live in chronic insecurity?&quot;,&quot;cta&quot;:null,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;The Privatization of Education and Plunder of Common Goods&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:112306552,&quot;name&quot;:&quot;Equals Bulletin&quot;,&quot;bio&quot;:&quot;Insights brought to you by inequality experts&quot;,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/a74e64ba-abfa-4fbe-9818-d713770d2c9e_1200x1200.jpeg&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2026-06-02T12:31:13.501Z&quot;,&quot;cover_image&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/c917b793-35ba-4271-beec-b4ffc477ad06_1600x900.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://www.equals.ink/p/the-privatization-of-education-and&quot;,&quot;section_name&quot;:&quot;EQUALS: Re-imagining Our Economy&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:200286032,&quot;type&quot;:&quot;podcast&quot;,&quot;reaction_count&quot;:3,&quot;comment_count&quot;:0,&quot;publication_id&quot;:1299797,&quot;publication_name&quot;:&quot;EQUALS&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!9Xo2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd509f8c7-5a64-4db1-8403-288e71794eba_572x572.png&quot;,&quot;belowTheFold&quot;:true,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="captioned-button-wrap" data-attrs="{&quot;url&quot;:&quot;https://www.equals.ink/p/why-i-turned-global-inequality-into?utm_source=substack&utm_medium=email&utm_content=share&action=share&quot;,&quot;text&quot;:&quot;Share&quot;}" data-component-name="CaptionedButtonToDOM"><div class="preamble"><p class="cta-caption">Thanks for reading EQUALS! This post is public so feel free to share it.</p></div><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.equals.ink/p/why-i-turned-global-inequality-into?utm_source=substack&utm_medium=email&utm_content=share&action=share&quot;,&quot;text&quot;:&quot;Share&quot;}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://www.equals.ink/p/why-i-turned-global-inequality-into?utm_source=substack&utm_medium=email&utm_content=share&action=share"><span>Share</span></a></p></div><div><hr></div><p></p>]]></content:encoded></item><item><title><![CDATA[Living beyond means]]></title><description><![CDATA[Learning from Vietnam]]></description><link>https://www.equals.ink/p/living-beyond-means</link><guid isPermaLink="false">https://www.equals.ink/p/living-beyond-means</guid><dc:creator><![CDATA[Max Lawson]]></dc:creator><pubDate>Sat, 06 Jun 2026 10:44:15 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!XXLg!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F802c04ef-c997-4f80-a038-b1a84541b5c4_811x609.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!XXLg!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F802c04ef-c997-4f80-a038-b1a84541b5c4_811x609.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!XXLg!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F802c04ef-c997-4f80-a038-b1a84541b5c4_811x609.png 424w, https://substackcdn.com/image/fetch/$s_!XXLg!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F802c04ef-c997-4f80-a038-b1a84541b5c4_811x609.png 848w, https://substackcdn.com/image/fetch/$s_!XXLg!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F802c04ef-c997-4f80-a038-b1a84541b5c4_811x609.png 1272w, https://substackcdn.com/image/fetch/$s_!XXLg!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F802c04ef-c997-4f80-a038-b1a84541b5c4_811x609.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!XXLg!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F802c04ef-c997-4f80-a038-b1a84541b5c4_811x609.png" width="811" height="609" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/802c04ef-c997-4f80-a038-b1a84541b5c4_811x609.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:609,&quot;width&quot;:811,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!XXLg!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F802c04ef-c997-4f80-a038-b1a84541b5c4_811x609.png 424w, https://substackcdn.com/image/fetch/$s_!XXLg!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F802c04ef-c997-4f80-a038-b1a84541b5c4_811x609.png 848w, https://substackcdn.com/image/fetch/$s_!XXLg!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F802c04ef-c997-4f80-a038-b1a84541b5c4_811x609.png 1272w, https://substackcdn.com/image/fetch/$s_!XXLg!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F802c04ef-c997-4f80-a038-b1a84541b5c4_811x609.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p><em>Me and my colleagues Maaza and Anthony with Uncle Ho</em></p><p><strong>Living beyond means</strong></p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://www.equals.ink/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading EQUALS! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><p>It is quite common, certainly in my experience, for leaders in countries to set as their goal the country as a whole moving forward out of a particular income bracket by a certain date, whether it is moving from low to lower-middle income, or from lower to upper middle income, or finally moving up to become a high income country.</p><p>In some ways this is totally understandable as it is a simple way of delineating progress. But countries are not individuals, who are either rich or poor or somewhere in between. They are collections of millions and sometimes hundreds of millions of people with individual lives, aggregated in very different ways.</p><p>These country income thresholds, set by the World Bank, have a huge impact and influence. Access to different levels of support, whether it is grants or concessional lending from donors, is strongly linked to them.</p><p>But ultimately, they are averages, and averages are of limited use, especially in situations of high inequality, which is more likely than not the case in most countries of the Global South.</p><p>Equatorial Guinea for example, was a high-income country between 2007 and 2014. It has now slipped back into upper middle income. At one point during the euro crisis, it briefly had a higher per capita income than Spain. Yet throughout it has had infant mortality rates similar to Mozambique or Haiti and half the population live in poverty.  Virtually all of its oil wealth has been captured basically by one ruling family. </p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!JVkB!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6a7c18df-1e00-4193-94c2-117f901ed8b8_670x630.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!JVkB!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6a7c18df-1e00-4193-94c2-117f901ed8b8_670x630.png 424w, https://substackcdn.com/image/fetch/$s_!JVkB!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6a7c18df-1e00-4193-94c2-117f901ed8b8_670x630.png 848w, https://substackcdn.com/image/fetch/$s_!JVkB!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6a7c18df-1e00-4193-94c2-117f901ed8b8_670x630.png 1272w, https://substackcdn.com/image/fetch/$s_!JVkB!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6a7c18df-1e00-4193-94c2-117f901ed8b8_670x630.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!JVkB!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6a7c18df-1e00-4193-94c2-117f901ed8b8_670x630.png" width="670" height="630" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/6a7c18df-1e00-4193-94c2-117f901ed8b8_670x630.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:630,&quot;width&quot;:670,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!JVkB!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6a7c18df-1e00-4193-94c2-117f901ed8b8_670x630.png 424w, https://substackcdn.com/image/fetch/$s_!JVkB!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6a7c18df-1e00-4193-94c2-117f901ed8b8_670x630.png 848w, https://substackcdn.com/image/fetch/$s_!JVkB!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6a7c18df-1e00-4193-94c2-117f901ed8b8_670x630.png 1272w, https://substackcdn.com/image/fetch/$s_!JVkB!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6a7c18df-1e00-4193-94c2-117f901ed8b8_670x630.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p><em>Poverty in Equatorial Guinea</em></p><p><strong>The &#8216;K&#8217; shaped economy discussion</strong></p><p>This tyranny of averages has become news recently because of the discussion of the &#8216;K&#8217; shaped recovery in the USA. 49% of all US consumption is by the top 10% of incomes. Whilst the top is booming, and this carries through to the overall growth rates and usual performance measures of the economy, ordinary people are struggling.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!Apra!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9978dd42-9d08-468f-8ead-6358ec730041_1285x723.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!Apra!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9978dd42-9d08-468f-8ead-6358ec730041_1285x723.jpeg 424w, https://substackcdn.com/image/fetch/$s_!Apra!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9978dd42-9d08-468f-8ead-6358ec730041_1285x723.jpeg 848w, https://substackcdn.com/image/fetch/$s_!Apra!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9978dd42-9d08-468f-8ead-6358ec730041_1285x723.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!Apra!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9978dd42-9d08-468f-8ead-6358ec730041_1285x723.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!Apra!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9978dd42-9d08-468f-8ead-6358ec730041_1285x723.jpeg" width="1285" height="723" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/9978dd42-9d08-468f-8ead-6358ec730041_1285x723.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:723,&quot;width&quot;:1285,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!Apra!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9978dd42-9d08-468f-8ead-6358ec730041_1285x723.jpeg 424w, https://substackcdn.com/image/fetch/$s_!Apra!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9978dd42-9d08-468f-8ead-6358ec730041_1285x723.jpeg 848w, https://substackcdn.com/image/fetch/$s_!Apra!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9978dd42-9d08-468f-8ead-6358ec730041_1285x723.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!Apra!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9978dd42-9d08-468f-8ead-6358ec730041_1285x723.jpeg 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p><em>The K shaped economy and recovery is a hot topic in the US but relevant everywhere</em></p><p>Many of the economic measures we use first came into being in the rich world after WW2, with the greater availability of standard and regular national accounting statistics. This coincided with a period in the rich world of low inequality, which could be one of the reasons why problems with relying on national averages were not really a big thing. Sometimes in fact the incomes at the bottom were growing faster than the top so averages underplayed the progress being made.</p><p>The country classifications, into low, middle, and high, were made up by the World Bank, becoming fully formalised in the late 1980s. From the beginning they were criticised, and alternative measures proposed, perhaps the most successful being the Human Development Index (which measures health and education outcomes as well as income but is still based on averages). Nevertheless, like GDP growth, these thresholds have taken on a political life of their own.</p><p><strong>Learning from the success of Vietnam</strong></p><p>I was lucky enough to be in Vietnam late last month, talking with academics, students and policy makers, organised by my wonderful colleagues in Oxfam in Vietnam. Vietnam has a huge amount to be proud of. It has witnessed rapid and uninterrupted growth in GNI per capita, rising almost fivefold between 1995 and 2024, whilst at the same time keeping inequality at a reasonable level. Vietnam has a medium level of inequality, at a Gini of 0.35, similar to Germany, and below the World Bank threshold for high inequality, which is a Gini of 0.4. This combination of relative equality and high growth has translated into the elimination of extreme poverty, and a far better life for the huge majority of Vietnamese.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!E1eG!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4a6c05a1-b41a-4bef-8715-9f031a32a4e8_904x514.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!E1eG!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4a6c05a1-b41a-4bef-8715-9f031a32a4e8_904x514.png 424w, https://substackcdn.com/image/fetch/$s_!E1eG!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4a6c05a1-b41a-4bef-8715-9f031a32a4e8_904x514.png 848w, https://substackcdn.com/image/fetch/$s_!E1eG!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4a6c05a1-b41a-4bef-8715-9f031a32a4e8_904x514.png 1272w, https://substackcdn.com/image/fetch/$s_!E1eG!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4a6c05a1-b41a-4bef-8715-9f031a32a4e8_904x514.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!E1eG!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4a6c05a1-b41a-4bef-8715-9f031a32a4e8_904x514.png" width="724" height="411.65486725663715" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4a6c05a1-b41a-4bef-8715-9f031a32a4e8_904x514.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:514,&quot;width&quot;:904,&quot;resizeWidth&quot;:724,&quot;bytes&quot;:106056,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.equals.ink/i/200874189?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4a6c05a1-b41a-4bef-8715-9f031a32a4e8_904x514.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!E1eG!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4a6c05a1-b41a-4bef-8715-9f031a32a4e8_904x514.png 424w, https://substackcdn.com/image/fetch/$s_!E1eG!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4a6c05a1-b41a-4bef-8715-9f031a32a4e8_904x514.png 848w, https://substackcdn.com/image/fetch/$s_!E1eG!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4a6c05a1-b41a-4bef-8715-9f031a32a4e8_904x514.png 1272w, https://substackcdn.com/image/fetch/$s_!E1eG!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4a6c05a1-b41a-4bef-8715-9f031a32a4e8_904x514.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p><em>Vietnam- rapid progress in per capita GNI with inequality remaining fairly level. </em></p><p>However, by some measures, especially those measures of top incomes and wealth, Vietnam is becoming more unequal. Also, their equality is largely a product of the way the economy is structured before government intervention (this is known as &#8216;market inequality&#8217;)- whilst there have been big investments in education and in health in recent years, the redistributive impact of taxation and government spending on inequality remains relatively limited.</p><p>The Vietnamese government have a very clear goal to reach high income status, and to do this with double digit growth. Our key discussion on the visit was that in doing this, they need to work very hard too to keep inequality at manageable levels. Looking at the experience of other countries in the region, they have a clear choice of the path ahead. In preparing for our visit, my amazing colleague Anthony pulled together these charts- the first compares China with Korea, which is quite startling- you can see Korea reached high-income status whilst constantly maintaining inequality at a medium level. China by contrast saw a huge leap in income inequality, going from being one of the world&#8217;s most equal countries to having high inequality, on a par with the USA. It was not just Korea either, but also countries like Japan, Taiwan, Thailand- all grew rapidly whilst keeping inequality at a reasonable level.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img processing" target="_blank" href="https://substackcdn.com/image/fetch/$s_!I6rm!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F07c10e21-817e-4216-b9d8-92cc9244dc54_902x382.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!I6rm!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F07c10e21-817e-4216-b9d8-92cc9244dc54_902x382.png 424w, https://substackcdn.com/image/fetch/$s_!I6rm!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F07c10e21-817e-4216-b9d8-92cc9244dc54_902x382.png 848w, https://substackcdn.com/image/fetch/$s_!I6rm!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F07c10e21-817e-4216-b9d8-92cc9244dc54_902x382.png 1272w, https://substackcdn.com/image/fetch/$s_!I6rm!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F07c10e21-817e-4216-b9d8-92cc9244dc54_902x382.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!I6rm!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F07c10e21-817e-4216-b9d8-92cc9244dc54_902x382.png" width="724" height="306.61640798226165" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/07c10e21-817e-4216-b9d8-92cc9244dc54_902x382.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:382,&quot;width&quot;:902,&quot;resizeWidth&quot;:724,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:true,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!I6rm!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F07c10e21-817e-4216-b9d8-92cc9244dc54_902x382.png 424w, https://substackcdn.com/image/fetch/$s_!I6rm!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F07c10e21-817e-4216-b9d8-92cc9244dc54_902x382.png 848w, https://substackcdn.com/image/fetch/$s_!I6rm!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F07c10e21-817e-4216-b9d8-92cc9244dc54_902x382.png 1272w, https://substackcdn.com/image/fetch/$s_!I6rm!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F07c10e21-817e-4216-b9d8-92cc9244dc54_902x382.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption">I</figcaption></figure></div><p><em>China and Korea- both had very rapid growth, but China GINI also rose very sharply</em></p><p>The second looks at Vietnam in comparison to four countries, Philippines, South Africa and Thailand.</p><p>Today the Philippines and Vietnam have very similar per capita average incomes, but poverty in the Philippines is three times higher because they have much higher inequality.</p><p>South Africa is upper-middle income, but famously also one of the most unequal countries in the world, so also remains with high levels of poverty. Conversely Thailand, which has broadly the same average income, has levels of poverty more than three times lower than South Africa.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!IsmU!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7ce9b7ee-abbb-4b25-9dc8-a18fb2efb2bf_865x578.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!IsmU!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7ce9b7ee-abbb-4b25-9dc8-a18fb2efb2bf_865x578.png 424w, https://substackcdn.com/image/fetch/$s_!IsmU!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7ce9b7ee-abbb-4b25-9dc8-a18fb2efb2bf_865x578.png 848w, https://substackcdn.com/image/fetch/$s_!IsmU!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7ce9b7ee-abbb-4b25-9dc8-a18fb2efb2bf_865x578.png 1272w, https://substackcdn.com/image/fetch/$s_!IsmU!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7ce9b7ee-abbb-4b25-9dc8-a18fb2efb2bf_865x578.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!IsmU!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7ce9b7ee-abbb-4b25-9dc8-a18fb2efb2bf_865x578.png" width="865" height="578" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/7ce9b7ee-abbb-4b25-9dc8-a18fb2efb2bf_865x578.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:578,&quot;width&quot;:865,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!IsmU!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7ce9b7ee-abbb-4b25-9dc8-a18fb2efb2bf_865x578.png 424w, https://substackcdn.com/image/fetch/$s_!IsmU!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7ce9b7ee-abbb-4b25-9dc8-a18fb2efb2bf_865x578.png 848w, https://substackcdn.com/image/fetch/$s_!IsmU!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7ce9b7ee-abbb-4b25-9dc8-a18fb2efb2bf_865x578.png 1272w, https://substackcdn.com/image/fetch/$s_!IsmU!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7ce9b7ee-abbb-4b25-9dc8-a18fb2efb2bf_865x578.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>In short, it is quite possible to grow at the same time as managing inequality at a good level, and ideally at a Gini below 0.3, the World Bank threshold for low inequality.</p><p>This has huge political implications, as the discussion in the USA shows. The K shaped economy thesis could equally explain why Gen Z protests exploded in high inequality Kenya, despite robust economic growth for years and a steady progress towards the government target of reaching upper middle-income status by 2030.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!n9EJ!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6eb262fc-c42c-436f-b534-b0337f707906_770x513.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!n9EJ!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6eb262fc-c42c-436f-b534-b0337f707906_770x513.jpeg 424w, https://substackcdn.com/image/fetch/$s_!n9EJ!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6eb262fc-c42c-436f-b534-b0337f707906_770x513.jpeg 848w, https://substackcdn.com/image/fetch/$s_!n9EJ!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6eb262fc-c42c-436f-b534-b0337f707906_770x513.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!n9EJ!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6eb262fc-c42c-436f-b534-b0337f707906_770x513.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!n9EJ!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6eb262fc-c42c-436f-b534-b0337f707906_770x513.jpeg" width="770" height="513" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/6eb262fc-c42c-436f-b534-b0337f707906_770x513.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:513,&quot;width&quot;:770,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:&quot;Kenya protests&quot;,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="Kenya protests" title="Kenya protests" srcset="https://substackcdn.com/image/fetch/$s_!n9EJ!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6eb262fc-c42c-436f-b534-b0337f707906_770x513.jpeg 424w, https://substackcdn.com/image/fetch/$s_!n9EJ!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6eb262fc-c42c-436f-b534-b0337f707906_770x513.jpeg 848w, https://substackcdn.com/image/fetch/$s_!n9EJ!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6eb262fc-c42c-436f-b534-b0337f707906_770x513.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!n9EJ!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6eb262fc-c42c-436f-b534-b0337f707906_770x513.jpeg 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p><em>K is also for Kenya</em></p><p>If the majority of consumption is by those at the very top, then the economy, and the market is tailored towards them. The media often targets them as a result, and advertising definitely does by definition. Their lives dominate the films, the television we watch. It can sometimes feel like their lives are the only lives we know about or hear about. They are also much less exposed to rising food and energy prices. They also tend to be the ones in government and in power. It becomes rapidly a tale of two countries, and not one, and where the tale of the top is the only one that is told. This is I think not only a deeply unfair but also an unstable situation.</p><p><strong>Ditching the averages</strong></p><p>In short, using average incomes to define whether a country is poor or rich is convenient and easily understood, but it obscures as much as it illuminates. An average measure is useful broadly in proportion I would say to the level of inequality in a country, and in high inequality countries it is not very helpful at all. This is something that has long been the case in most of the Global South and is now once again becoming more the case in a number the rich countries of the Global North too.</p><p>We can start by much better and regular measurement of inequality too. Other combined measures, like the World Bank&#8217;s &#8216;prosperity gap&#8217; measure are also very useful. There is no shortage of better ways to do this, and we need to use them.</p><p>It is time to live beyond means.</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://www.equals.ink/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading EQUALS! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Compound fracturing]]></title><description><![CDATA[Max Lawson on how overlapping global crises are deepening inequality, entrenching poverty, and accelerating the concentration of wealth and power.]]></description><link>https://www.equals.ink/p/compound-fracturing</link><guid isPermaLink="false">https://www.equals.ink/p/compound-fracturing</guid><dc:creator><![CDATA[Max Lawson]]></dc:creator><pubDate>Sat, 23 May 2026 06:32:05 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!eotg!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F41ba003d-3353-4d8c-8db5-d0a8899d826e_1379x919.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>When the economic shock to the global economy hit with the formal announcement of the Covid-19 pandemic in March of 2020, we had to look all the way back to 2008 for inspiration. Fortunately, at Oxfam there were a handful of very old people still doddering around who remembered those days. Don&#8217;t get me wrong, the 2010&#8217;s had been pretty lacklustre in terms of poverty reduction, and full of nasty austerity for ordinary people and rapidly growing wealth for billionaires, but we had nevertheless not had a really global level economic shock for over a decade.</p><p>Now, sitting here in 2026, this feels mercifully calm. By my count, since 2020 we have had five global level shocks to the economic system. First was the impact of Covid itself on the global economy.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!LDFp!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffe47f2f2-7568-40ea-a825-40ee54f895a7_710x465.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!LDFp!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffe47f2f2-7568-40ea-a825-40ee54f895a7_710x465.png 424w, https://substackcdn.com/image/fetch/$s_!LDFp!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffe47f2f2-7568-40ea-a825-40ee54f895a7_710x465.png 848w, https://substackcdn.com/image/fetch/$s_!LDFp!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffe47f2f2-7568-40ea-a825-40ee54f895a7_710x465.png 1272w, https://substackcdn.com/image/fetch/$s_!LDFp!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffe47f2f2-7568-40ea-a825-40ee54f895a7_710x465.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!LDFp!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffe47f2f2-7568-40ea-a825-40ee54f895a7_710x465.png" width="710" height="465" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/fe47f2f2-7568-40ea-a825-40ee54f895a7_710x465.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:465,&quot;width&quot;:710,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:179076,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://www.equals.ink/i/198874875?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffe47f2f2-7568-40ea-a825-40ee54f895a7_710x465.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!LDFp!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffe47f2f2-7568-40ea-a825-40ee54f895a7_710x465.png 424w, https://substackcdn.com/image/fetch/$s_!LDFp!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffe47f2f2-7568-40ea-a825-40ee54f895a7_710x465.png 848w, https://substackcdn.com/image/fetch/$s_!LDFp!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffe47f2f2-7568-40ea-a825-40ee54f895a7_710x465.png 1272w, https://substackcdn.com/image/fetch/$s_!LDFp!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffe47f2f2-7568-40ea-a825-40ee54f895a7_710x465.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Second was the credit crunch that followed the pandemic as rich countries rapidly increased interest rates prompting further debt crises. Virtually simultaneous with this was the energy and food crisis that hit the globe after the Ukraine War. Fourth was the widespread economic disruption prompted by the actions of the second Trump administration; the sudden imposition of tariffs on the majority of countries, and the huge cuts to Official Development Assistance (ODA) that happened pretty much simultaneously. Now fifth is unlawful US and Israel war against Iran, which is creating a food and energy shock that may dwarf that of the Ukraine War.</p><p>Add to this a sixth crisis too, which was already becoming apparent in the 2010&#8217;s but seems much more present in the 2020&#8217;s. The relentless rise in huge and horrific extreme weather events and the slow but equally relentless reductions in food production because of climate breakdown.</p><p>All in all, the 2020&#8217;s have so far been a decade of almost permanent economic crisis.</p><p><strong>Winners, losers and inequality in times of crisis</strong></p><p>Each of these crises has its own unique aspects but also has some strong similarities, especially regarding inequality. These crises are always hardest on ordinary people everywhere; and particularly on women, racialised groups and other vulnerable people. They are also particularly hard on ordinary people in the Global South, in countries that are largely unable to provide them the kind of social protection that is available to many in the Global North.</p><p>Each crisis costs governments dearly, and drives up public debt, as they seek to stay afloat and where possible help their populations. Once again, whilst almost all governments feel the fiscal pain, rich country governments, with their hard currencies, have much lower borrowing costs, and Global South governments are the most exposed.</p><p>Finally, each crisis, whilst at times temporarily denuding the fortunes of the richest, always seems to leave them richer than they were before.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!OeAv!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F28c2c02c-4b12-41aa-9507-456f8261f6c0_772x518.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!OeAv!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F28c2c02c-4b12-41aa-9507-456f8261f6c0_772x518.png 424w, https://substackcdn.com/image/fetch/$s_!OeAv!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F28c2c02c-4b12-41aa-9507-456f8261f6c0_772x518.png 848w, https://substackcdn.com/image/fetch/$s_!OeAv!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F28c2c02c-4b12-41aa-9507-456f8261f6c0_772x518.png 1272w, https://substackcdn.com/image/fetch/$s_!OeAv!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F28c2c02c-4b12-41aa-9507-456f8261f6c0_772x518.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!OeAv!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F28c2c02c-4b12-41aa-9507-456f8261f6c0_772x518.png" width="772" height="518" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/28c2c02c-4b12-41aa-9507-456f8261f6c0_772x518.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:518,&quot;width&quot;:772,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:75695,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.equals.ink/i/198874875?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F28c2c02c-4b12-41aa-9507-456f8261f6c0_772x518.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!OeAv!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F28c2c02c-4b12-41aa-9507-456f8261f6c0_772x518.png 424w, https://substackcdn.com/image/fetch/$s_!OeAv!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F28c2c02c-4b12-41aa-9507-456f8261f6c0_772x518.png 848w, https://substackcdn.com/image/fetch/$s_!OeAv!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F28c2c02c-4b12-41aa-9507-456f8261f6c0_772x518.png 1272w, https://substackcdn.com/image/fetch/$s_!OeAv!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F28c2c02c-4b12-41aa-9507-456f8261f6c0_772x518.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p><strong>Compound crises</strong></p><p>Picture a family in Nairobi, whose main breadwinner is a taxi driver, who have a small plot of land back in their home village. The lockdowns of Covid-19 hit business hard with tourism grinding to a halt, but they managed to scrape by. Poor and erratic rains have meant food and income from their small piece of land has been much lower than it used to be. At one point in 2021 they had to move house in their informal settlement of Kawangware in Nairobi because of flooding that damaged their building and swept away many of their belongings.</p><p>When the food and fuel crisis hit in 2022 they had to take out a loan against their car, so they managed to avoid selling the taxi but ended up in much more debt. In 2023 the hospital bills and funeral costs of the taxi drivers&#8217; mother also added significantly to their financial problems. Their oldest daughter had to drop out of high school as there was not enough money to pay school fees.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!Bpl0!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0e062ae6-9b84-4da2-bd7c-4f8187a06ba2_838x554.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!Bpl0!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0e062ae6-9b84-4da2-bd7c-4f8187a06ba2_838x554.png 424w, https://substackcdn.com/image/fetch/$s_!Bpl0!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0e062ae6-9b84-4da2-bd7c-4f8187a06ba2_838x554.png 848w, https://substackcdn.com/image/fetch/$s_!Bpl0!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0e062ae6-9b84-4da2-bd7c-4f8187a06ba2_838x554.png 1272w, https://substackcdn.com/image/fetch/$s_!Bpl0!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0e062ae6-9b84-4da2-bd7c-4f8187a06ba2_838x554.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!Bpl0!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0e062ae6-9b84-4da2-bd7c-4f8187a06ba2_838x554.png" width="838" height="554" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/0e062ae6-9b84-4da2-bd7c-4f8187a06ba2_838x554.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:554,&quot;width&quot;:838,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:1291872,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.equals.ink/i/198874875?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0e062ae6-9b84-4da2-bd7c-4f8187a06ba2_838x554.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!Bpl0!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0e062ae6-9b84-4da2-bd7c-4f8187a06ba2_838x554.png 424w, https://substackcdn.com/image/fetch/$s_!Bpl0!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0e062ae6-9b84-4da2-bd7c-4f8187a06ba2_838x554.png 848w, https://substackcdn.com/image/fetch/$s_!Bpl0!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0e062ae6-9b84-4da2-bd7c-4f8187a06ba2_838x554.png 1272w, https://substackcdn.com/image/fetch/$s_!Bpl0!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0e062ae6-9b84-4da2-bd7c-4f8187a06ba2_838x554.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption"><em>A good <a href="https://www.cultureunplugged.com/documentary/watch-online/play/51403/nairobi-taxi-driver">mini documentary</a> I found about a Nairobi taxi driver.</em></figcaption></figure></div><p>Now in 2026, with the very sharp rise in food and fuel prices once again, they may be forced to sell the taxi, to have enough to pay rent and buy food to survive. They are contemplating taking their other children out of school and moving back to the village.</p><p>This is a fictional story but based on a family I know very well. It is I think probably very typical of the majority of humanity- around half of the global population live below the $8.30 a day poverty line. Not the poorest of the poor but just scraping by. It shows how personal and global shocks hit families hard, and how they can also interact. How it is possible to get through one crisis, maybe two, but beyond that crises compound and the scars left become more and more permanent and serious. This includes debt traps and the slow depletion of what few assets a family owns, including the need to sell assets like a car that undermine the way the family makes its money.</p><p>This is known as the &#8216;poverty rachet&#8217; effect, made famous by the brilliant Robert Chambers; whereby sudden, irreversible events (like a medical emergency, a bad harvest, or a forced distress sale of land) can permanently lock a household into a lower economic tier.</p><p>Governments too, follow a similar path, having to take on further debts, often in foreign currency and at high interest, to get through one crisis, only to be hit by another, and then another, slowing development to a standstill and throwing things into reverse.</p><p><strong>Wealth rachets</strong></p><p>Whilst not described perhaps in quite the same way, wealth too is I think subject to a rachet effect from multiple crises. We know of course that in normal times, when someone becomes very wealthy, then that wealth can develop a momentum of its own. Wealth begets more wealth and is maintained over generations.</p><p>At times of crisis economic wealth is often in part destroyed, but what we see is how fast it bounces back, and how resilient it is. Wealth can become more concentrated still, as even when the richest lose assets in a crisis, they still have resources left to buy up the assets sold by others, often at knockdown prices, or are able to use their wealth to lend to others, often through financial intermediaries. So, each crisis can <a href="https://www.imf.org/external/pubs/ft/fandd/2002/06/baldacci.htm">increase wealth concentration</a> sharply.</p><p>The super rich saw their wealth hugely inflated by government interventions in their economies in response to the 2008 Financial Crisis and then again in 2020 when Covid-19 hit; trillions of dollars were poured into the global economy, driving up asset prices worldwide, and with this the fortunes of the richest. They have been able to use these resources to reinvest and in turn to make money out of subsequent crises; for example, in lending more money at high rates of interest to countries of the Global South, or in the rapidly rising shares of food and energy corporations or weapons manufacturers.</p><p>This graph in The Economist a couple of weeks ago pretty much sums that up:</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!00x-!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc520622d-09fc-4e16-8b2f-c884c717923a_658x717.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!00x-!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc520622d-09fc-4e16-8b2f-c884c717923a_658x717.png 424w, https://substackcdn.com/image/fetch/$s_!00x-!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc520622d-09fc-4e16-8b2f-c884c717923a_658x717.png 848w, https://substackcdn.com/image/fetch/$s_!00x-!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc520622d-09fc-4e16-8b2f-c884c717923a_658x717.png 1272w, https://substackcdn.com/image/fetch/$s_!00x-!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc520622d-09fc-4e16-8b2f-c884c717923a_658x717.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!00x-!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc520622d-09fc-4e16-8b2f-c884c717923a_658x717.png" width="658" height="717" 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srcset="https://substackcdn.com/image/fetch/$s_!00x-!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc520622d-09fc-4e16-8b2f-c884c717923a_658x717.png 424w, https://substackcdn.com/image/fetch/$s_!00x-!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc520622d-09fc-4e16-8b2f-c884c717923a_658x717.png 848w, https://substackcdn.com/image/fetch/$s_!00x-!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc520622d-09fc-4e16-8b2f-c884c717923a_658x717.png 1272w, https://substackcdn.com/image/fetch/$s_!00x-!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc520622d-09fc-4e16-8b2f-c884c717923a_658x717.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p><strong>Centrifugal or centripetal crises</strong></p><p>Joseph Stiglitz talks about centrifugal forces in the economy, which, like a roundabout in children&#8217;s playground, force things outwards, driving inequality higher. Economic shocks are I think very likely to have this centrifugal impact on our economies, with each crisis driving us further apart.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!eotg!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F41ba003d-3353-4d8c-8db5-d0a8899d826e_1379x919.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!eotg!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F41ba003d-3353-4d8c-8db5-d0a8899d826e_1379x919.jpeg 424w, https://substackcdn.com/image/fetch/$s_!eotg!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F41ba003d-3353-4d8c-8db5-d0a8899d826e_1379x919.jpeg 848w, https://substackcdn.com/image/fetch/$s_!eotg!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F41ba003d-3353-4d8c-8db5-d0a8899d826e_1379x919.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!eotg!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F41ba003d-3353-4d8c-8db5-d0a8899d826e_1379x919.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!eotg!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F41ba003d-3353-4d8c-8db5-d0a8899d826e_1379x919.jpeg" width="1379" height="919" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/41ba003d-3353-4d8c-8db5-d0a8899d826e_1379x919.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:919,&quot;width&quot;:1379,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:322143,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.equals.ink/i/198874875?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F41ba003d-3353-4d8c-8db5-d0a8899d826e_1379x919.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!eotg!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F41ba003d-3353-4d8c-8db5-d0a8899d826e_1379x919.jpeg 424w, https://substackcdn.com/image/fetch/$s_!eotg!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F41ba003d-3353-4d8c-8db5-d0a8899d826e_1379x919.jpeg 848w, https://substackcdn.com/image/fetch/$s_!eotg!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F41ba003d-3353-4d8c-8db5-d0a8899d826e_1379x919.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!eotg!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F41ba003d-3353-4d8c-8db5-d0a8899d826e_1379x919.jpeg 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption"><em>British kids experimenting with centrifugal forces</em></figcaption></figure></div><p>He contrasts this with centripetal forces in the economy, which can act to increase equality. An example could be market regulation, or investment in public services.</p><p>Yet in the 20<sup>th</sup> century, the response to shocks like the Great Depression in the USA, or World War Two, actually led to greater equality, not greater inequality in many countries. There is no automatic link between economic crises and rising inequality, although this is much more common. Governments can respond to economic shocks ways that actually reduce equality.</p><p>Most recently this was true with income inequality during Covid-19 in a number of countries; in the USA, whist wealth inequality grew, income inequality fell faster during Covid-19 than it had for decades, and <a href="https://equitablegrowth.org/new-research-highlights-the-impact-of-covid-era-unconditional-cash-benefits-for-u-s-workers-and-families/">child poverty was cut by 40%,</a> the largest drop ever recorded<strong>,</strong> thanks to the prompt and generous action by government. Sadly, these government actions were allowed to expire soon afterwards in Congress, <a href="https://itep.org/lapse-of-expanded-child-tax-credit-led-to-unprecedented-rise-in-child-poverty-2023/">losing that progress that was made against child poverty.</a></p><p>At times of crisis, the way people respond often shows their true colours- this is true of governments too.</p><p><strong>Equality is also the best protection</strong></p><p>Looking at things the other way round, in a world of almost annual economic shocks and seemingly permanent crisis I strongly think that the most direct way to mitigate their harmful impacts is to have a low level of inequality in the first place.</p><p>More equal societies for a start radically reduce the individual impact of personal crises. For example, free, universal public healthcare stops anyone being forced into poverty by catastrophic health expenditures. It spreads the risk, and makes individual lives far less precarious, even if their incomes are still not very high.</p><p>Equality also helps mitigate the impact of global crises too. More equal societies are more cohesive. Risks are distributed more fairly across society, and as a result the overall risks faced are reduced. They are more prepared to cope with shocks when they arrive, whatever those shocks are; be it the impact of AI, rogue presidents, typhoons, wars, or whatever else.</p><p>Equality is the best protection.</p><p><em><strong>ENDS</strong></em></p><div><hr></div><p><strong>Author:</strong> Max Lawson, Head of Inequality Policy at Oxfam International and EQUALS podcast co-host. He is also a visiting Professor in Practice at the LSE International Inequalities Institute and the co-chair of the Global <a href="https://peoplesmedicines.org/">People&#8217;s Medicines Alliance</a>.</p><p>In our previous EQUALS episode, Adam Hanieh explores how crises like war, financial shocks, and pandemics ripple across borders through energy prices, food systems, and rising living costs, hitting the poorest of the population the hardest. <a href="https://www.equals.ink/p/war-oil-and-inequality">Listen here.</a></p><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;1efa69a8-a25e-4359-a24c-364bb84bb8fd&quot;,&quot;caption&quot;:&quot;In this episode, Adam Hanieh explains why crises like war, financial shocks, and pandemics don&#8217;t stay where they start. They move through the structures of the global economy.&quot;,&quot;cta&quot;:null,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;War, Oil, and Inequality: Who Wins and Who Loses&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:112306552,&quot;name&quot;:&quot;Equals Bulletin&quot;,&quot;bio&quot;:&quot;Insights brought to you by inequality experts&quot;,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/a74e64ba-abfa-4fbe-9818-d713770d2c9e_1200x1200.jpeg&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2026-05-05T13:33:23.059Z&quot;,&quot;cover_image&quot;:&quot;https://substack-video.s3.amazonaws.com/video_upload/post/196534910/ff3032bd-2b4e-4dc3-937c-739799825c74/transcoded-1777984622.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://www.equals.ink/p/war-oil-and-inequality&quot;,&quot;section_name&quot;:&quot;EQUALS: Re-imagining Our Economy&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:196534910,&quot;type&quot;:&quot;podcast&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:1299797,&quot;publication_name&quot;:&quot;EQUALS&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!9Xo2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd509f8c7-5a64-4db1-8403-288e71794eba_572x572.png&quot;,&quot;belowTheFold&quot;:true,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div>]]></content:encoded></item><item><title><![CDATA[A World under Fire: The Human Cost of Fossil Dependence ]]></title><description><![CDATA[Mateo Adarve Zuluaga on how fossil fuel dependence fuels conflict, deepens inequality, displaces millions, and why a just, renewable-led transition is the only durable path to security and justice.]]></description><link>https://www.equals.ink/p/a-world-under-fire-the-human-cost</link><guid isPermaLink="false">https://www.equals.ink/p/a-world-under-fire-the-human-cost</guid><dc:creator><![CDATA[Equals Bulletin]]></dc:creator><pubDate>Tue, 12 May 2026 11:59:50 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!hhoo!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4f3fb2bc-1457-40be-8765-88a55fc57a70_6720x4480.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>The ongoing humanitarian, geopolitical and climate crises lay bare the human cost of fossil fuel dependence. <a href="https://www.theguardian.com/us-news/2026/apr/01/trump-iran-oil-fossil-fuel-imperialism">Fossil fuel imperialism</a> and energy supply chains have long been a driving factor in conflicts. The brunt of the human cost is borne by those on the frontlines of the conflicts &#8212; entire families killed, displaced, and stripped of their livelihoods.</p><p>As the conflicts in recent weeks have shown, fossil fuel dependence also triggers energy access disruptions and price shocks that disproportionately affect poor households and marginalised communities across the world, who are struggling to afford their bills. Meanwhile, super-rich individuals and corporations reap huge profits from fossil dependence, consolidating power and wealth. These are the true colours of climate inequality.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!hhoo!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4f3fb2bc-1457-40be-8765-88a55fc57a70_6720x4480.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!hhoo!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4f3fb2bc-1457-40be-8765-88a55fc57a70_6720x4480.jpeg 424w, https://substackcdn.com/image/fetch/$s_!hhoo!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4f3fb2bc-1457-40be-8765-88a55fc57a70_6720x4480.jpeg 848w, https://substackcdn.com/image/fetch/$s_!hhoo!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4f3fb2bc-1457-40be-8765-88a55fc57a70_6720x4480.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!hhoo!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4f3fb2bc-1457-40be-8765-88a55fc57a70_6720x4480.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!hhoo!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4f3fb2bc-1457-40be-8765-88a55fc57a70_6720x4480.jpeg" width="1456" height="971" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4f3fb2bc-1457-40be-8765-88a55fc57a70_6720x4480.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:971,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:14529343,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://www.equals.ink/i/197326205?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4f3fb2bc-1457-40be-8765-88a55fc57a70_6720x4480.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!hhoo!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4f3fb2bc-1457-40be-8765-88a55fc57a70_6720x4480.jpeg 424w, https://substackcdn.com/image/fetch/$s_!hhoo!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4f3fb2bc-1457-40be-8765-88a55fc57a70_6720x4480.jpeg 848w, https://substackcdn.com/image/fetch/$s_!hhoo!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4f3fb2bc-1457-40be-8765-88a55fc57a70_6720x4480.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!hhoo!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4f3fb2bc-1457-40be-8765-88a55fc57a70_6720x4480.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p><a href="https://policy-practice.oxfam.org/resources/unjust-transition-reclaiming-the-energy-future-from-climate-colonialism-621732/">But an alternative exists</a>. A just transition away from fossil fuels to renewable energy is possible, viable and can reshape how societies are organised around energy. It could break the cycle of dependency, inequality and violence.</p><p>A truly just transition must go beyond replacing fossil fuels. It must reshape who owns, controls, and benefits from energy, ensuring it is treated as a public good and a human right, rather than a source of profit, power and securitisation.</p><p><strong>Humanitarian crisis and Iran: when energy becomes a weapon</strong></p><p>The unlawful war waged by the United States and Israel against Iran has <a href="https://www.en-hrana.org/day-39-of-u-s-and-israeli-attacks-on-iran-extensive-damage-to-the-rail-network-and-roads/">killed at least 3,636 people in Iran</a>, including 254 children. Up to <a href="https://www.unhcr.org/news/press-releases/unhcr-3-2-million-iranians-temporarily-displaced-iran-conflict-intensifies">3.2 million Iranians have been displaced</a> from their homes, and strikes have damaged <a href="https://www.unocha.org/publications/report/iran-islamic-republic/islamic-republic-iran-humanitarian-update-no-02-3-april-2026">763 schools and 334 health centres</a>.</p><p>A deeply concerning trend is the growing instrumentalization of energy and fossil fuel dependency. Energy infrastructure has been targeted throughout the conflict. More than 80 energy facilities have been attacked since the war began, with <a href="https://www.cnbc.com/2026/04/15/iran-war-energy-facilities-refinery-pipeline-lng.html">damage estimated at up to $58 billion</a>. After Israel bombed facilities in Iran, Tehran responded with strikes on the infrastructure of Saudi Arabia, Qatar, Kuwait and the UAE. Inside Iran, communities already under strain have been left <a href="https://www.bbc.co.uk/news/live/cje4x38q8xqt">enduring daily blackouts</a>.</p><p>The war is also burning carbon at a devastating rate. In just 14 days, the <a href="https://www.theguardian.com/world/2026/mar/21/middle-east-iran-conflict-environment-climate">conflict generated over 5 million tonnes of CO<sub>2</sub></a>, draining the global carbon budget faster than 84 countries combined. And yet, the war is dismantling energy security across the region and could divert <a href="https://www.rystadenergy.com/news/middle-east-conflict-rebuild-energy-cost">around $25 billion into rebuilding fossil fuel infrastructure,</a> repairing the very systems that drive instability, instead of investing in an energy transition.</p><p>The closure by Iran of the Strait of Hormuz&#8212; which carries around <a href="https://www.brookings.edu/articles/the-iran-conflicts-energy-shocks-are-not-yet-fully-realized/">20% of the world&#8217;s crude oil</a> &#8212; and the US stopping ships from entering or exiting Iranian ports triggered what the International Energy Agency (IEA) has called the greatest disruption to global oil supply in history.</p><p>Because of its reliance on Gulf oil, Asia has been hit hardest: the <a href="https://www.aljazeera.com/news/2026/3/25/philippine-president-declares-energy-emergency-as-impact-of-iran-war-felt">Philippines</a> declared a national energy emergency, <a href="https://www.dw.com/en/pakistan-to-close-schools-cut-spending-over-iran-war/a-76293311">Pakistan</a> announced school closures and homework for half of all public officials to save fuel.<sup> </sup>In <a href="https://www.aljazeera.com/features/2026/3/27/sri-lanka-braces-for-new-economic-crisis-as-war-on-iran-continues">Sri Lanka</a>, fuel prices have risen 33 percent, with food costs possibly climbing up to 15 percent, as fertiliser supply chains also collapse in Hormuz.</p><p>The IEA reported more than 32 governments implementing extraordinary energy conservation measures and nearly <a href="https://www.iea.org/data-and-statistics/data-tools/2026-energy-crisis-policy-response-tracker">50 introducing emergency consumer support</a>. Public budgets are once again being stretched to carry the weight of fossil fuel dependency, subsidising the profits of the corporations driving this crisis.</p><p><strong>Venezuela and Cuba: fossil fuel reconfiguration without human recovery</strong></p><p>When the US military seized Venezuelan President Maduro at the start of 2026, <a href="https://www.cfr.org/global-conflict-tracker/conflict/instability-venezuela">Trump made one motive clear</a>: U.S. companies would develop Venezuela&#8217;s oil reserves and salvage oil revenue. Venezuela holds the world&#8217;s largest proven oil reserves, according to OPEC: <a href="https://www.policycenter.ma/publications/us-intervention-venezuela-oil-and-resurgence-spheres-influence">300 billion barrels or 17 percent of the global total</a>.</p><p>Shares of some <a href="https://www.cnbc.com/2026/01/05/oil-chevron-exxon-shares-in-focus-after-us-intervention-in-venezuela.html">fossil fuel giants rose between 3-6 percent</a> immediately after the military operation. In April 2026, <a href="https://www.dw.com/en/venezuela-oil-industry-private-investors-maduro-us-opec/a-76837762">fossil fuel companies moved to expand their presence in Venezuela</a>, signing deals that included asset swaps and new rights to develop oil fields.</p><p>Meanwhile, ordinary Venezuelans still <a href="https://elpais.com/america/2026-04-19/en-la-caracas-sin-maduro-ahorita-todo-es-prioridad.html">struggle every day to make ends meet</a>. In late March, <a href="https://english.elpais.com/international/2026-03-25/venezuela-activates-an-electricity-saving-plan-to-reverse-blackouts.html">eight-hour power cuts</a> returned, underscoring that access to reliable electricity and basic services remains fragile. Rising oil production cannot offset years of grid underinvestment, while the intensifying dry seasons and climate shocks continue to strain <a href="https://dialogue.earth/en/energy/oil-sanctions-blackouts-venezuelas-energy-transition-is-complex/">hydropower, which supplies 77% of electricity</a>.</p><p><a href="https://reliefweb.int/report/venezuela-bolivarian-republic/venezuela-humanitarian-needs-irc-planning-case-escalation#:~:text=An%20estimated%207.9%20million%20Venezuelans,%2C%20violence%2C%20and%20natural%20disasters.">Nearly 8 million people still require assistance</a> in the country, yet humanitarian response capacity has sharply declined. This gap reveals a critical risk: economic reconfiguration without human recovery.</p><p>Cuba tells a parallel story. In January 2026, the U.S. administration moved to <a href="https://www.cfr.org/articles/trumps-maximum-pressure-campaign-on-cuba-explained">severely limit oil shipments to the island</a>. Venezuela had been Cuba&#8217;s primary oil supplier for decades, a lifeline now cut off. Cuba&#8217;s national electric grid reliant on fossil fuel, <a href="https://www.cbsnews.com/news/cuba-nationwide-power-grid-collapse-restoration/">collapsed in mid-March</a>.</p><p>Blackouts forced hospitals to suspend operations and schools and businesses to close. <a href="https://www.npr.org/2026/03/21/nx-s1-5753802/how-the-u-s-oil-blockade-is-taking-a-high-toll-on-everyday-cubans">Shortages of cooking gas, gasoline, and diesel</a> strained transport, food supplies, and water pumps. Once again, it is the poorest who pay the highest price.</p><p><strong>Fossil Industry: crisis profiteering</strong></p><p>Six of the world&#8217;s biggest fossil fuel companies &#8212; Chevron, Shell, BP, ConocoPhillips, ExxonMobil and TotalEnergies &#8212; are projected to earn $3,000 a second in profits in 2026, according to <a href="https://oxfam.box.com/s/8j962tkyb10kr7d3xwhjljo24hnzhws8">Oxfam research</a>. That is an increase of $37 million a day compared to their 2025 profits. Their projected profits for 2026 stand at $94 billion: enough to provide solar power for the energy needs of almost 50 million people in Africa.</p><p>A large share of those profits flows directly to the wealthiest 1 percent &#8212; concentrated in the Global North &#8212; <a href="https://policy-practice.oxfam.org/resources/climate-plunder-how-a-powerful-few-are-locking-the-world-into-disaster-621741/">who profit from the climate destruction</a> these corporations cause, while working to maintain fossil dependence through their monopoly on wealth and political influence.</p><p>Yet rather than investing those profits in the transition, these corporations are doubling down on fossil fuels. ExxonMobil announced a <a href="https://www.carbonbrief.org/daily-brief/epa-website-rewrite-eu-agrees-90-target-exxon-to-slash-low-carbon-spend/">reduction of a third of its planned investment</a> in low-carbon energy projects, while TotalEnergies <a href="https://www.esgtoday.com/totalenergies-says-it-cant-formulate-net-zero-targets-as-1-5c-is-out-of-reach/">refused to adopt a net-zero transition plan</a> aligned with the 1.5&#176; degrees Celsius target.</p><p><strong>The fragility of fossil fuel dependency</strong></p><p>Fossil fuel dependence makes energy markets fragile. When wars disrupt supply routes or damage infrastructure, prices surge, supply tightens, and the burden falls on ordinary people through higher energy bills, rising food prices, inflation, and deepening poverty. In 2022, as a ripple effect of the war in Ukraine, energy and food price shocks pushed over <a href="https://www.undp.org/press-releases/global-cost-living-crisis-catalyzed-war-ukraine-sending-tens-millions-poverty-warns-un-development-programme">70 million people into poverty in just three months</a>.</p><p>For oil-producing countries, dependence on revenues from fossil fuels exposes economies to volatility and external interference. For consuming countries, reliance on imported fossil fuels creates exposure to price shocks and geopolitics.</p><p>African countries such as <a href="https://www.bbc.co.uk/news/articles/cq8wkq1n9epo">South Sudan and Zimbabwe</a> illustrate this vulnerability. South Sudan, home to East Africa&#8217;s largest oil reserves, still imports most of its fuel due to a lack of refining capacity, and generates 96 percent of its electricity from oil. During the Hormuz crisis, power cuts in the capital Juba lasted up to 12 hours a day, paralysing businesses and daily life.</p><p>Zimbabwe, reliant on fossil fuel imports, began diluting petrol with ethanol and announced plans to scrap fuel taxes to ease prices. However, this measure has its own distributional challenges: ethanol blending does not necessarily reduce transport costs for consumers. While locally produced ethanol is untaxed, potentially easing prices, it can also reduce government revenue and concentrate benefits among a few large, wealthy producers.</p><p><strong>The resilience of renewable energy</strong></p><p>Renewable energy offers a more secure, resilient, and equitable alternative. Decentralized systems such as solar and wind are less vulnerable to targeted attacks, quicker to repair, and support grid stability during emergencies, as seen in <a href="https://www.weforum.org/stories/2026/01/frontline-security-energy-lessons-ukraine/">Ukraine</a>. They do not rely on continuous extraction, processing, and long-distance transport through fragile supply chains. Once deployed, renewables are locally available resources, reducing exposure to geopolitical shocks.</p><p>Renewables offer more stable costs, shielding households from the extreme price volatility, especially during conflicts. During the Hormuz crisis, electricity prices rose across Europe, but significantly less in <a href="https://www.wri.org/insights/iran-war-clean-energy-benefits">Spain</a> due to lower gas dependence. The country generates about 57 percent of its energy from renewables. Solar, wind, and hydro complement each other across seasons and times of day, reducing the need for gas as the backup source.</p><p>Renewables can shift power away from concentrated ownership by enabling decentralised, locally distributed generation that strengthens community resilience. <a href="https://www.greenpeace.org/international/story/82180/war-energy-iran-lebanon-middle-east-solar/">Lebanon</a> has shown the strong potential of decentralised renewable energy, as the recent economic crisis drove thousands of households and businesses to adopt solar power to provide essential services, such as water pumping. However, this transition was mired with inequalities in access, with poor households and marginalized communities unable to reap the same benefits. Lebanon&#8217;s energy potential was also harmed by Israel&#8217;s relentless military campaign which has also <a href="https://www.aljazeera.com/video/newsfeed/2026/4/26/israel-destroys-solar-panels-in-south-lebanon">targeted solar panels</a>, as it was done in <a href="https://www.forbes.com/sites/erictegler/2023/11/22/electricity-trickles-from-vulnerable-solar-panels-on-gaza-roofs/">Gaza</a>, showing the limitations of resilience against such systematic destruction.</p><p><strong>The Path Forward: Transitioning Away from Fossil Fuels</strong></p><p>The energy transition is not only about reducing emissions. It is about addressing one of the structural drivers of inequality, humanitarian crisis, and violence: fossil fuel dependence.</p><p>A just transition also depends on reforming the international financial architecture, which currently strangles the fiscal space in the Global South and tightens further during war and crisis. This drives debt burdens that can lock developing countries into fossil fuel dependency and constrain climate action. Global North countries must not only move first and faster but also enable the Global South to do the same.</p><p>A just and accelerated transition away from fossil fuels towards renewable energy offers a shared path forward. It can reduce emissions, ease geopolitical tensions tied to resource extraction and control, and strengthen energy access and security for communities. Most importantly, it can help build a fairer system in which the benefits of energy are more equitably shared, rather than concentrated among a few.</p><div><hr></div><p><strong>Author</strong>: Mateo Adarve Zuluaga is the Global Research and Advocacy Lead at Oxfam Great Britain.</p><p>For more on the political economy of war, oil, and inequality, listen to our recent EQUALS<a href="https://www.equals.ink/p/war-oil-and-inequality"> podcast conversation with Adam Hanieh</a>.</p><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;7a5c26fe-fe5d-48b5-9cab-67bd91f6964c&quot;,&quot;caption&quot;:&quot;In this episode, Adam Hanieh explains why crises like war, financial shocks, and pandemics don&#8217;t stay where they start. They move through the structures of the global economy.&quot;,&quot;cta&quot;:&quot;Listen now&quot;,&quot;showBylines&quot;:true,&quot;showDescription&quot;:true,&quot;showImage&quot;:true,&quot;size&quot;:&quot;lg&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;War, Oil, and Inequality: Who Wins and Who Loses&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:112306552,&quot;name&quot;:&quot;Equals Bulletin&quot;,&quot;bio&quot;:&quot;Insights brought to you by inequality experts&quot;,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/a74e64ba-abfa-4fbe-9818-d713770d2c9e_1200x1200.jpeg&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2026-05-05T13:33:23.059Z&quot;,&quot;cover_image&quot;:&quot;https://substack-video.s3.amazonaws.com/video_upload/post/196534910/ff3032bd-2b4e-4dc3-937c-739799825c74/transcoded-1777984622.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://www.equals.ink/p/war-oil-and-inequality&quot;,&quot;section_name&quot;:&quot;EQUALS: Re-imagining Our Economy&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:196534910,&quot;type&quot;:&quot;podcast&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:1299797,&quot;publication_name&quot;:&quot;EQUALS&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!9Xo2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd509f8c7-5a64-4db1-8403-288e71794eba_572x572.png&quot;,&quot;belowTheFold&quot;:true,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div>]]></content:encoded></item><item><title><![CDATA[For a fossil free future, governments must rewrite the international financial playbook]]></title><description><![CDATA[By Mariana Paoli]]></description><link>https://www.equals.ink/p/for-a-fossil-free-future-governments</link><guid isPermaLink="false">https://www.equals.ink/p/for-a-fossil-free-future-governments</guid><pubDate>Fri, 08 May 2026 10:32:50 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/7a224b4b-5b14-46b2-bfa9-1f6aba188732_6720x4480.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>The current geopolitical conflicts, economic instability, and climate crisis all have one element at their core: fossil fuel dependency, propped up by an international financial system that defends the richest.  According to the International Energy Agency,  the most recent military escalation, driven by the United States and Israel in the Middle East, is &#8220;creating the largest supply disruption in the history of the global oil market&#8221;. This escalation has already killed thousands of civilians and forcibly displaced millions.</p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.equals.ink/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://www.equals.ink/subscribe?"><span>Subscribe now</span></a></p><p>Beyond this immediate devastation, the conflict is also driving wider consequences  including higher energy bills, rising costs of food, deepening poverty, environmental destruction, and widening inequality whilst ordinary people everywhere will face ethe costs. It is communities in the Global South who live in poor and climate-vulnerable countries and have the least means to adapt to the growing chaos, face the brunt of the impacts &#8211; with women and girls disproportionately impacted.</p><p>Meanwhile, fossil fuels corporations are set to secure some of their best profits in history. As Oxfam research shows , fossil fuel companies are projected to <a href="https://www.oxfam.org/en/press-releases/fossil-fuel-companies-projected-earn-almost-3000-second-2026-while-families-struggle">earn almost $3,000 a second</a> in 2026 while families struggle to afford energy bills worldwide.</p><p><strong>A glimpse of hope?</strong></p><p>The first conference on transitioning away from fossil fuels, held in Santa Marta last week, must be celebrated and it is a welcome solutions-driven process for moving away from fossil fuel dependency. Yet a key question remains over the political will to shift to translate words into action. Implementing a fossil-free future presents many political and financial hurdles, especially for the Global South that face increasing debt levels and limited support from richer countries.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!L_h2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1070022e-3b78-4bd6-b920-81b605c5c2d1_6720x4480.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!L_h2!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1070022e-3b78-4bd6-b920-81b605c5c2d1_6720x4480.jpeg 424w, https://substackcdn.com/image/fetch/$s_!L_h2!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1070022e-3b78-4bd6-b920-81b605c5c2d1_6720x4480.jpeg 848w, https://substackcdn.com/image/fetch/$s_!L_h2!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1070022e-3b78-4bd6-b920-81b605c5c2d1_6720x4480.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!L_h2!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1070022e-3b78-4bd6-b920-81b605c5c2d1_6720x4480.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!L_h2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1070022e-3b78-4bd6-b920-81b605c5c2d1_6720x4480.jpeg" width="1456" height="971" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/1070022e-3b78-4bd6-b920-81b605c5c2d1_6720x4480.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:971,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:10130340,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://www.equals.ink/i/196869714?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1070022e-3b78-4bd6-b920-81b605c5c2d1_6720x4480.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!L_h2!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1070022e-3b78-4bd6-b920-81b605c5c2d1_6720x4480.jpeg 424w, https://substackcdn.com/image/fetch/$s_!L_h2!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1070022e-3b78-4bd6-b920-81b605c5c2d1_6720x4480.jpeg 848w, https://substackcdn.com/image/fetch/$s_!L_h2!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1070022e-3b78-4bd6-b920-81b605c5c2d1_6720x4480.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!L_h2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1070022e-3b78-4bd6-b920-81b605c5c2d1_6720x4480.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Without proper finance to fund a fair transition away from fossil fuels, low- and middle-income countries won&#8217;t be able to phase out fossil fuels as fast, or at all. Many of them are trapped into drilling oil to service their debts, not to foster development. <a href="https://unctad.org/publication/world-of-debt">Over 3.4 billion</a> people live in countries that spend more on paying debt interest charges than on health or education.</p><p>This is by design. The global energy system continues to follow a colonial model, where Global North countries extract resources and labour from the Global South &#8211; in this case, oil and gas &#8211; while the richest people and governments hoard the profits. Even if developing countries want to transition away from fossil fuels, they are faced with policy conditionalities of international financial institutions that reinforce the exploitation of fossil fuels. One study found that the IMF loan agreements with  <a href="https://re-course.org/wp-content/uploads/2024/10/Off-track_mainstreaming-climate-action-into-IMF-lending_October-2024_Recourse.pdf">11 of the worlds poorest countries</a>  were assuming that they must continue drilling in order to repay their debts.</p><p>The current financial architecture seems to penalize rather than help climate champions. In 2023, after a historic national referendum in Ecuador, that decided against the exploration of new oil reserves <a href="https://blogs.lse.ac.uk/internationaldevelopment/2023/10/09/ecuadorians-voted-to-protect-nature-a-big-three-credit-rating-agency-penalised-them-for-it/">the country&#8217;s credit rating was downgraded by the international financial system</a>, increasing the costs of its borrowing.</p><p>A just transition away from fossil fuels must not replicate the colonial power dynamics of the current energy system. It must happen hand-in-hand with a reform of the international financial architecture: addressing the debt crisis, rejecting the private investor-led approach to development and climate finance, reversing the aid cuts, and making sure the finance for a just transition comes from those most responsible for the climate crisis, not the poorest and most climate-vulnerable countries.</p><p><strong>Global South leading the way for the just transition</strong></p><p>Despite all the challenges, low- and middle-income countries are leading the way. Colombian president Gustavo Petro, was elected in 2022, aiming to decrease fossil fuel extraction, despite this accounting for around half of the country&#8217;s exports, two thirds of final energy consumption and 3 to 6 percent of GDP. <br><br>Colombia is not alone. These efforts should be celebrated and concretely supported, not penalised. Rich, historic polluters must phase out first and faster. Rhetoric by Global North promising to address these system&#8217;s imbalances such as addressing inequality or supporting fairer debt and tax decision making forums   is not translating into practice.</p><p>To end the fossil fuel dependency and fund a just transition, we need a reformed international financial system where the Global South can have a voice and meaningful participation in economic decision making: if they&#8217;re not at the table, then they will continue to be on the menu. Until then, the only people benefiting from this system are rich polluters, the super-rich and vested interests.</p><p>The momentum gathered in Santa Marta must send a clear sign to policymakers around the world to carry on the momentum for a fossil free future in other international processes such as the upcoming UN climate talks in Bonn in June, COP31 in Turkey, and the second transition conference hosted by Tuvalu and Ireland in 2027. This year, global leaders must drop the fossil fuel dependency and pave a new, fairer path.</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://www.equals.ink/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading EQUALS! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><div><hr></div><p><strong>Author:</strong> Mariana Paoli is the Climate Justice Policy &amp; Advocacy Lead at Oxfam International.</p><p>As governments convened in Santa Marta as part of a collation of the willing to phase out fossil fuels, last week&#8217;s Bulletin looked at how oil and gas companies are profiting from the current crisis.</p><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;7d7c9f74-75c0-47f4-877e-0a7064a08a30&quot;,&quot;caption&quot;:&quot;Soaring energy prices due to the Iran war mean a new round of profiting from pain by some of the world&#8217;s largest corporates. Oxfam&#8217;s research back in 2023 found that mega-corporations raked in $1 trillion a year in windfall profits in 2021 and 2022. Unless Governments learn from the recent crises, corporations will yet again be plundering people under t&#8230;&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;sm&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Bumper profits for fossil fuel companies amidst phase out conference&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:112306552,&quot;name&quot;:&quot;Equals Bulletin&quot;,&quot;bio&quot;:&quot;Insights brought to you by inequality experts&quot;,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/a74e64ba-abfa-4fbe-9818-d713770d2c9e_1200x1200.jpeg&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2026-04-30T12:56:49.923Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!zo3Q!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fad5737e4-0c47-492d-b31a-f33afe9f5a2a_602x401.jpeg&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://www.equals.ink/p/bumper-profits-for-fossil-fuel-companies&quot;,&quot;section_name&quot;:&quot;Bulletin&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:195893254,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:1,&quot;comment_count&quot;:0,&quot;publication_id&quot;:1299797,&quot;publication_name&quot;:&quot;EQUALS&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!9Xo2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd509f8c7-5a64-4db1-8403-288e71794eba_572x572.png&quot;,&quot;belowTheFold&quot;:true,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><p><strong>Listen to </strong>the latest episode of the Equals podcast with Adam Hanieh who explains why crises like war, financial shocks, and pandemics don&#8217;t stay where they start. They move through the structures of the global economy.</p><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;90956e4d-b90a-4023-8073-5440c7ab18e8&quot;,&quot;caption&quot;:&quot;In this episode, Adam Hanieh explains why crises like war, financial shocks, and pandemics don&#8217;t stay where they start. They move through the structures of the global economy.&quot;,&quot;cta&quot;:&quot;Listen now&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;War, Oil, and Inequality: Who Wins and Who Loses&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:112306552,&quot;name&quot;:&quot;Equals Bulletin&quot;,&quot;bio&quot;:&quot;Insights brought to you by inequality experts&quot;,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/a74e64ba-abfa-4fbe-9818-d713770d2c9e_1200x1200.jpeg&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2026-05-05T13:33:23.059Z&quot;,&quot;cover_image&quot;:&quot;https://substack-video.s3.amazonaws.com/video_upload/post/196534910/ff3032bd-2b4e-4dc3-937c-739799825c74/transcoded-1777984622.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://www.equals.ink/p/war-oil-and-inequality&quot;,&quot;section_name&quot;:&quot;EQUALS: Re-imagining Our Economy&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:196534910,&quot;type&quot;:&quot;podcast&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:1299797,&quot;publication_name&quot;:&quot;EQUALS&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!9Xo2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd509f8c7-5a64-4db1-8403-288e71794eba_572x572.png&quot;,&quot;belowTheFold&quot;:true,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div>]]></content:encoded></item><item><title><![CDATA[Politicians are not all the same]]></title><description><![CDATA[Was 'Yes Minister' a neoliberal plot?]]></description><link>https://www.equals.ink/p/politicians-are-not-all-the-same</link><guid isPermaLink="false">https://www.equals.ink/p/politicians-are-not-all-the-same</guid><dc:creator><![CDATA[Max Lawson]]></dc:creator><pubDate>Sat, 02 May 2026 06:51:55 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/9d67eb90-6e13-45dd-b502-ba881663678c_797x578.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>One of the classic political comedies that we watched growing up was called, &#8216;<a href="https://www.youtube.com/watch?v=pGJH_-S_MGs">Yes, Ministe</a>r&#8217; which pitted a UK Minister Jim Hacker against the bureaucratic intransigence of Sir Humphrey Appelby.</p><div id="youtube2-pGJH_-S_MGs" class="youtube-wrap" data-attrs="{&quot;videoId&quot;:&quot;pGJH_-S_MGs&quot;,&quot;startTime&quot;:null,&quot;endTime&quot;:null}" data-component-name="Youtube2ToDOM"><div class="youtube-inner"><iframe src="https://www.youtube-nocookie.com/embed/pGJH_-S_MGs?rel=0&amp;autoplay=0&amp;showinfo=0&amp;enablejsapi=0" frameborder="0" loading="lazy" gesture="media" allow="autoplay; fullscreen" allowautoplay="true" allowfullscreen="true" width="728" height="409"></iframe></div></div><p><em>Sir Humphrey, the quintessential obfuscating bureaucrat. If you click on the picture it should take you to the clip.</em></p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://www.equals.ink/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading EQUALS! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><p>It is timeless classic because it captures a feeling about the way bureaucracy and politicians interact. Bureaucrats run rings around the politicians to ensure nothing is ever done, and the politicians are weak, self-interested and easily hoodwinked by the bureaucrats. You are left laughing about just how inept government and politicians are.</p><p>In more recent years, there have been a rash of new political dramas, for example &#8216;The Thick of It&#8217; about UK politics or &#8216;Veep&#8217; about US politics. &#8216;House of Cards&#8217;, was originally made by the BBC about UK politics was successfully transposed to the US. In Brazil, the show &#8216;O Mecanismo&#8217; or &#8216;The Whirlwind&#8217; in Korea were both very negative, portraying politicians and politics as broadly corrupt and self-serving.</p><p>What all these programmes have in common is an even deeper cynicism about politicians and government. They tend to focus on the self-interested motivations of the characters, and through this, focus on traits of &#8216;<a href="https://cjc.utppublishing.com/doi/10.22230/cjc.2018v43n4a3274#:~:text=Conclusions%20and%20implications%20Results%20indicate,moderate%20the%20impact%20upon%20cynicism">artifice, pandering, deceit and positioning for advantage- in general mistrustfulness&#8217;</a>. If values and morals are mentioned, it is usually to be derided and mocked, mainly as weaknesses.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!K9O3!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff717660f-08c0-48bb-b6c4-0c098ab8ccb8_1378x912.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!K9O3!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff717660f-08c0-48bb-b6c4-0c098ab8ccb8_1378x912.jpeg 424w, https://substackcdn.com/image/fetch/$s_!K9O3!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff717660f-08c0-48bb-b6c4-0c098ab8ccb8_1378x912.jpeg 848w, https://substackcdn.com/image/fetch/$s_!K9O3!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff717660f-08c0-48bb-b6c4-0c098ab8ccb8_1378x912.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!K9O3!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff717660f-08c0-48bb-b6c4-0c098ab8ccb8_1378x912.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!K9O3!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff717660f-08c0-48bb-b6c4-0c098ab8ccb8_1378x912.jpeg" width="1378" height="912" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/f717660f-08c0-48bb-b6c4-0c098ab8ccb8_1378x912.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:912,&quot;width&quot;:1378,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!K9O3!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff717660f-08c0-48bb-b6c4-0c098ab8ccb8_1378x912.jpeg 424w, https://substackcdn.com/image/fetch/$s_!K9O3!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff717660f-08c0-48bb-b6c4-0c098ab8ccb8_1378x912.jpeg 848w, https://substackcdn.com/image/fetch/$s_!K9O3!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff717660f-08c0-48bb-b6c4-0c098ab8ccb8_1378x912.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!K9O3!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff717660f-08c0-48bb-b6c4-0c098ab8ccb8_1378x912.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p><em>The West Wing- I have always striven and entirely failed to be as cool and unflappable as Leo (right) the Presidents Chief of Staff</em></p><p>Not all political dramas are entirely cynical; &#8216;<a href="https://en.wikipedia.org/wiki/Borgen_(TV_series)">Borgen&#8217;</a> in Denmark started off pretty idealistic- although it did get increasingly cynical as the series progressed. Another wildly successful series was &#8216;The West Wing&#8217;, which was about a pragmatic but progressive and value driven US President and his team trying to do his best to make the world a better place. It was felt by many at the time to be Hollywood&#8217;s answer to the real-world disappointments of the Clinton and Bush Presidencies.</p><p>One scientific <a href="https://cjc.utppublishing.com/doi/10.22230/cjc.2018v43n4a3274#:~:text=Conclusions%20and%20implications%20Results%20indicate,moderate%20the%20impact%20upon%20cynicism">study</a> actually measured participants level of cynicism before and after watching episodes of &#8216;The West Wing&#8217; or &#8216;House of Cards&#8217; and found that House of Cards did increase people&#8217;s negativity about politics considerably.</p><p><strong>Who benefits most from people becoming cynical about politics and politicians?</strong></p><p>I think arguably broad cynicism with all politicians and government benefits those on the right of the political spectrum more than the left. Such cynicism drives down participation in democracy and a belief that voting can ever make a difference. Usually, the first to stop voting and exercising their democratic rights are the poorest people too.</p><p>As perhaps further evidence of this, &#8216;Yes Minister&#8217; was one of Mrs Thatcher&#8217;s and Friedrich von Hayek&#8217;s favourite programmes. It was co-written by <a href="https://en.wikipedia.org/wiki/Antony_Jay">Anthony Jay</a>, who was a close collaborator with right wing free market think tanks, and a speechwriter for Conservative politicians.</p><p>Well organised democratic politics is I think the most powerful yet peaceful mechanism ever invented to put the brakes on runaway capitalism and extreme inequality. It follows that anything that drives up political apathy and drives down political participation ultimately harms politicians on the left more than the right, as even if politicians on the right lose trust, the outcome is more power given to market forces.</p><p><strong>Is art just imitating life?</strong></p><p>But are these dramas just reflecting reality? Are they just showing us, in very funny ways, the reality of politicians, as entirely self-serving? I think many reading this will be thinking that these comedies are holding up a dark mirror to a dark reality; that politicians are indeed all the same, and united in their dishonesty, ambition and self-interest.</p><p>My own feeling is that this is neither fair nor accurate.</p><p>This is not to deny that in many countries, all leading politicians are terrible. That is clearly the case, and depressingly often. But just because it is often the case empirically, doesn&#8217;t mean that it is somehow an a priori fact. To put it another way, the fact that all of today&#8217;s politicians are useless and cynical does not mean we can conclude that all politicians are useless and cynical at all times and in all places.</p><p>(Arguably too this could in some ways become a self-fulfilling prophesy, as the more that politics is presented as an entirely cynical endeavour, the more it is likely to attract those the kinds of characters who operate primarily in this way, and the more it is likely to put better, more value driven individuals off pursuing politics- what has been described elsewhere as a <em><a href="https://www.tandfonline.com/doi/abs/10.1080/10584600152647083">spiral of cynicism</a></em>).</p><p>Equally, just because politicians exhibit self-interested or other behaviours, does not mean that this is their only, or even their main motivation. We know from life, that unlike Hollywood, people are complicated; people do things for multiple reasons, often combining both values and self-interest.</p><p><strong>Even the most moral politicians need to be good at politics</strong></p><p>I would also say that political skills are essential for a good politician, which might seem obvious, but is an important point. The best politicians need to find ways to out manoeuvre their opponents and out communicate them too. Skills of building constituencies of support, of deal making, compromise, strategy- all of these are important if politicians are going to secure real change. The key thing I think is not that these skills are bad necessarily, but that they don&#8217;t become an end in themselves, but are instead deployed with the aim of securing real, progressive change. It is also pretty useless arguably to have unimpeachable moral values and commitments but never have the political skills to really achieve anything. Politics free values are as ineffective as value free politics in many ways.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!z8hs!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5575999d-3b92-41d3-8642-57f76192d2f5_864x547.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!z8hs!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5575999d-3b92-41d3-8642-57f76192d2f5_864x547.png 424w, https://substackcdn.com/image/fetch/$s_!z8hs!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5575999d-3b92-41d3-8642-57f76192d2f5_864x547.png 848w, https://substackcdn.com/image/fetch/$s_!z8hs!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5575999d-3b92-41d3-8642-57f76192d2f5_864x547.png 1272w, https://substackcdn.com/image/fetch/$s_!z8hs!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5575999d-3b92-41d3-8642-57f76192d2f5_864x547.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!z8hs!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5575999d-3b92-41d3-8642-57f76192d2f5_864x547.png" width="864" height="547" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/5575999d-3b92-41d3-8642-57f76192d2f5_864x547.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:547,&quot;width&quot;:864,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!z8hs!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5575999d-3b92-41d3-8642-57f76192d2f5_864x547.png 424w, https://substackcdn.com/image/fetch/$s_!z8hs!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5575999d-3b92-41d3-8642-57f76192d2f5_864x547.png 848w, https://substackcdn.com/image/fetch/$s_!z8hs!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5575999d-3b92-41d3-8642-57f76192d2f5_864x547.png 1272w, https://substackcdn.com/image/fetch/$s_!z8hs!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5575999d-3b92-41d3-8642-57f76192d2f5_864x547.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p><em>Julius Nyerere, first President of Tanzania, with President John F Kennedy</em></p><p>If you think of the most successful, progressive politicians in history, whether independence leaders like Nehru in India or Nyerere in Tanzania, or progressive leaders like FDR in the US or Clement Attlee in the UK, all of them combined strong political skills with a strong commitment to building a better world for ordinary people. They were not saints, but neither were their actions reducible to naked self-interest either. On the other side, I think right wing politicians like Mrs Thatcher cannot be simply reduced to cynical self-interest; they were also driven by values too.</p><p><strong>Defending Democracy</strong></p><p>The recent summit hosted by Spain in Barcelona of world leaders coming together to <a href="https://www.msn.com/en-my/news/other/leftist-leaders-gather-in-spain-to-rally-against-rise-of-far-right/ar-AA21dlxA?cvid=69e491d6ee994ba4a84be23d04d664cf&amp;ocid=winp2fp&amp;apiversion=v2&amp;domshim=1&amp;noservercache=1&amp;noservertelemetry=1&amp;batchservertelemetry=1&amp;renderwebcomponents=1&amp;wcseo=1">defend democracy</a> was to my mind a good example of politicians collectively pushing for a better world. The Prime Minister of Spain, Pedro Sanchez, has been particularly vocal in his opposition to war, and championing of the fight against inequality. He is clearly driven by values, but at the same time is an extremely successful politician who has managed to side-step many seemingly existential threats to his career and his government and consistently deliver progressive policies in Spain.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!Bjds!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5a34df16-13df-47c8-acde-ed7ccd2b7e54_903x492.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!Bjds!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5a34df16-13df-47c8-acde-ed7ccd2b7e54_903x492.png 424w, https://substackcdn.com/image/fetch/$s_!Bjds!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5a34df16-13df-47c8-acde-ed7ccd2b7e54_903x492.png 848w, https://substackcdn.com/image/fetch/$s_!Bjds!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5a34df16-13df-47c8-acde-ed7ccd2b7e54_903x492.png 1272w, https://substackcdn.com/image/fetch/$s_!Bjds!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5a34df16-13df-47c8-acde-ed7ccd2b7e54_903x492.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!Bjds!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5a34df16-13df-47c8-acde-ed7ccd2b7e54_903x492.png" width="903" height="492" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/5a34df16-13df-47c8-acde-ed7ccd2b7e54_903x492.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:492,&quot;width&quot;:903,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!Bjds!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5a34df16-13df-47c8-acde-ed7ccd2b7e54_903x492.png 424w, https://substackcdn.com/image/fetch/$s_!Bjds!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5a34df16-13df-47c8-acde-ed7ccd2b7e54_903x492.png 848w, https://substackcdn.com/image/fetch/$s_!Bjds!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5a34df16-13df-47c8-acde-ed7ccd2b7e54_903x492.png 1272w, https://substackcdn.com/image/fetch/$s_!Bjds!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5a34df16-13df-47c8-acde-ed7ccd2b7e54_903x492.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>It is interesting and clever I think that these left-leaning leaders have chosen to brand their summit as a &#8216;Defence of Democracy&#8217;. Democracy is normally perceived as a good in itself, something above ideologies of left and right. This I think is true. It is also true that not just the right, but the left too can be anti-democratic and authoritarian.</p><p>But equally, ultimately, I think the demise and denigration of democracy harms the powerless far more than the powerful. This is because politics offers a way to balance human interests that is an alternative to a balance based instead on wealth or power.</p><p>So, I think we need to fight the cynical rejection of politics. We must always maintain that politicians are not all the same. That it is vital that we support politicians who are good at politics whilst strongly focused on building a better world.</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://www.equals.ink/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading EQUALS! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Think Water is a Dirty Business? Wait Until You Hear About the Contamination of Care]]></title><description><![CDATA[Harry Bignell shows how the same private equity tactics exposed in Dirty Business are quietly hollowing out care systems.]]></description><link>https://www.equals.ink/p/think-water-is-a-dirty-business-wait</link><guid isPermaLink="false">https://www.equals.ink/p/think-water-is-a-dirty-business-wait</guid><dc:creator><![CDATA[Harry Bignell]]></dc:creator><pubDate>Thu, 02 Apr 2026 09:32:47 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!dbNm!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb064466a-4140-4ec0-a3f2-653f6ebc9602_480x384.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p></p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.equals.ink/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://www.equals.ink/subscribe?"><span>Subscribe now</span></a></p><p><em>A recent UK drama-docu series </em>Dirty Business<em> has got people across the country up in arms over private equity ownership draining UK public services. Unfortunately, Thames water is just the tip of rotting refuse mound at the core public services, for both the UK and the rest of the world.</em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!dbNm!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb064466a-4140-4ec0-a3f2-653f6ebc9602_480x384.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!dbNm!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb064466a-4140-4ec0-a3f2-653f6ebc9602_480x384.jpeg 424w, https://substackcdn.com/image/fetch/$s_!dbNm!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb064466a-4140-4ec0-a3f2-653f6ebc9602_480x384.jpeg 848w, https://substackcdn.com/image/fetch/$s_!dbNm!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb064466a-4140-4ec0-a3f2-653f6ebc9602_480x384.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!dbNm!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb064466a-4140-4ec0-a3f2-653f6ebc9602_480x384.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!dbNm!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb064466a-4140-4ec0-a3f2-653f6ebc9602_480x384.jpeg" width="480" height="384" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/b064466a-4140-4ec0-a3f2-653f6ebc9602_480x384.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:384,&quot;width&quot;:480,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:57737,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://www.equals.ink/i/192825653?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb064466a-4140-4ec0-a3f2-653f6ebc9602_480x384.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!dbNm!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb064466a-4140-4ec0-a3f2-653f6ebc9602_480x384.jpeg 424w, https://substackcdn.com/image/fetch/$s_!dbNm!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb064466a-4140-4ec0-a3f2-653f6ebc9602_480x384.jpeg 848w, https://substackcdn.com/image/fetch/$s_!dbNm!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb064466a-4140-4ec0-a3f2-653f6ebc9602_480x384.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!dbNm!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb064466a-4140-4ec0-a3f2-653f6ebc9602_480x384.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption">Sewage floats on the River Thames at Datchet in Berkshire in April 2024. Photograph: Maureen McLean/Alamy</figcaption></figure></div><p>&#8220;They are good at what they do,&#8221; confides the beleaguered and disillusioned civil engineer Mikey Lazarus in <span class="mention-wrap" data-attrs="{&quot;name&quot;:&quot;Channel 4 News&quot;,&quot;id&quot;:332110727,&quot;type&quot;:&quot;user&quot;,&quot;url&quot;:null,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/f3724e13-2ca7-440b-9c99-549e81c7b569_400x400.jpeg&quot;,&quot;uuid&quot;:&quot;c2962260-1671-4ea5-81cc-05ffa8ebe0fd&quot;}" data-component-name="MentionToDOM"></span>&#8217; new series. &#8220;After they bought us, Macquarie [private equity firm] bought up our offices and then leased them back to us.&#8221;</p><p>What the character is referring to here has a name &#8211; a very unsexy one. It is called &#8216;dividend recapitalisation&#8217; and is a very common tactic for private equity firms that buy up companies delivering public goods &#8211; from water to care, ambulances to prisons &#8211; and then work quickly to drain as much money from the company as possible. Before they sell up and moving on, that is.</p><p>Watching <em>Dirty Business </em>reignited an old injustice furnace that was first kindled whilst working on Oxfam&#8217;s <em><a href="https://www.oxfam.org/en/research/sick-development">Sick Development</a></em> report with former Health Lead Anna Marriott. This report examines the privatization and financialization of healthcare provision around the world, and exposes how profit-hungry private equity firms and other private actors, are buying up hospitals in low-income countries &#8211; under the guise of &#8216;aid&#8217; &#8211; and then using their old tactics to bleed them dry. Naturally, those that suffer more from this vampiric approach are the patients who face inflated costs and hopelessly low standards of care. <em><a href="https://www.oxfam.org/en/research/sick-development">Sick Development</a></em> exposes the rot at the core of a neoliberal, private-sector-first approach to development.</p><p><em>Listen to this <a href="https://www.equals.ink/p/health-apartheid-private-profit-vs-public-health">EQUALS episode</a> with Anna Marriott and Dr Aquina Thulare on the cost of health privatisation around the world.</em></p><p>The tactics employed by private equity firms exposed in Sick Development are not new. In fact, they have been incubated by private equity firms across the UK and the US for years before being exported into other, less regulated contexts. An old colleague, Abha Jeurkar, and I examined an existing body of research on the privatisation of the Care sector across the UK to understand the impact. Spoiler: private equity firms are draining more than just the UK&#8217;swater ways.</p><p>In the 1980s, more than 90% of beds in care homes in the UK were provided by publicly owned care homes, and only 10% by independent providers. By 2016, this was reversed, with 90% of residential care now being delivered by independent providers, predominantly for-profit organisations. In fact, <a href="https://www.bbc.co.uk/news/uk-59504521">three of the biggest five care home groups</a> that currently provide 20% of publicly funded care home beds in the UK are owned by private equity.</p><p>Private equity firms typically aim to double their money in three years or treble it in five years. Such steep returns often necessitate dramatically cutting cost by gutting companies, selling large assets and making swathes of the workforce redundant: <a href="https://united4respect.org/wp-content/uploads/2019/07/Pirate-Equity-How-Wall-Street-Firms-are-Pillaging-American-Retail-July-2019.pdf">one study</a> in the US found that private equity firms have so far been directly and indirectly responsible for 1.3 million lost jobs across several sectors.</p><p>In the care sector, this manifests in big providers squeezing their staff and seeking to &#8220;optimise&#8221; the number of beds to ensure staff costs and overheads are kept to a minimum; they favour 60 &#8211; 70 beds per homes &#8211; despite <a href="https://www.cqc.org.uk/publications/major-report/state-care">research</a> indicating that smaller care homes of 10 beds or fewer generally provide better outcomes. This is all done so they can continue to <a href="https://www.laingbuisson.com/wp-content/uploads/2017/01/LaingBuisson_Care_Cost_Benchmarks_8ed_PR.pdf">routinely offer</a> 11% returns to investors. In fact, analysis found that private companies running care services took a whopping <a href="https://neweconomics.org/2025/11/private-equity-firms-taking-millions-in-profits-from-care-sector-each-year-new-analysis-reveals">&#163;250m in profits</a> in just three English regions over the course of three years.</p><p>And what of the residents of these care homes and their workforce? The entirely predictable outcome of this erosion of the workforce and resources is deteriorating standards in these homes, with too many residents, too few staff and too little resources to deliver a high-quality service. <a href="https://www.bbc.co.uk/news/uk-59504521">In one case in Lancashire</a>, a man named Norman&#8217;s family paid &#163;1,000 per week for his place in a care home owned by the UK&#8217;s biggest care home operator, HC-One. The quality-of-care Norman received was poor and he ultimately died after suffering two falls and a stroke. In the subsequent investigation, HC-One apologised for the standard of care that Norman received and acknowledged that there was a problem with staffing and medication at the home. Despite this, the family paid &#163;125,000 in total by the time of Norman&#8217;s death.</p><p style="text-align: justify;">In another one emblematic case, the Four Seasons Care Home group &#8211; formerly one of the UK&#8217;s largest care home groups &#8211; was bought private equity firm Alchemy Capital and subsequently underwent round after round of buyouts by different private equity firms, each buying the firm at a higher cost and issuing more debt to cover the shortfall. By 2008, Four Seasons had accrued an external debt of over &#163;1.5 billion and were liable to pay an annual interest payment of &#163;100 million. Four Seasons was finally forced into default for being unable to make the debt repayments, and <a href="https://www.theguardian.com/society/2019/apr/30/four-seasons-care-home-operator-on-brink-of-administration">collapsed into administration in 2019</a> putting the homes and futures of some 17,000 elderly and disabled people and 22,000 employees at risk. Now, <a href="https://www.iomtoday.co.im/news/subsidiaries-of-collapsed-healthcare-firm-set-to-go-into-liquidation-818079">Four Seasons is in the final stages of winding down</a>, with its remaining homes sold and parent companies moving into liquidation.</p><p style="text-align: justify;">Whilst there is abundant evidence on the insidious influence of private equity on care in the UK and US, this creeping financialisation extends <a href="https://transformative-responses.org/wp-content/uploads/2021/10/Finanzwende-Boell-Foundation_2021_They-Dont-Care-Private-Equity_BourgeronMetzWolf.pdf">beyond these geographies</a>. The case of Thames Water presented after the decades long investigation of <a href="https://www.theguardian.com/environment/2022/aug/04/sewage-sleuths-river-pollution-slow-dirty-death-of-welsh-and-english-rivers">Ash Smith and Peter Hammond</a> in <em>Dirty Business </em>should be seen as emblematic of both what is going on in UK public services more broadly <em>and </em>what is happened to global public goods around the world. With contaminated water in the UK public consciousness, the time is right to point to the rising tide of <a href="https://www.bmj.com/content/382/bmj-2023-075244#:~:text=No%20consistently%20beneficial%20impacts%20of,might%20not%20be%20generalizable%20internationally.">private equity ownership across a much wider range of public services</a> &#8211; and crucially, as this blog highlights, <a href="https://www.sciencedirect.com/science/article/pii/S0168851025001344">in care</a>.</p><p style="text-align: justify;">In an age where shocking docu-dramas are seemingly manifesting more policy change than lobbyists shouting into the void &#8211; doffs cap to <a href="https://www.theguardian.com/uk-news/2024/jan/13/mr-bates-vs-the-post-office-why-it-took-a-tv-series-to-bring-the-post-office-scandal-to-light">Gwyneth Hughes and Toby Jones</a> &#8211; I&#8217;m left wondering, when will the series on the contagion of private equity in care take to our screens? Whilst it is great to see light being shone through the murky waters that is the Thames Water scandal, we need to widen our gaze and see this case for what it is &#8211; a symptom of the insidious role of profit-hungry private actors in public services.</p><p style="text-align: justify;"><em><strong>END.</strong></em></p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://www.equals.ink/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading EQUALS! Subscribe for free to receive new posts.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><p><strong>Author:</strong> Harry Bignell, EQUALS podcast project manager.</p><p>Listen to our<a href="https://www.equals.ink/p/is-norway-really-equal"> latest podcast</a> episode on inequality in Norway. </p><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;786b7924-f262-41fd-985c-c5e20beee3ed&quot;,&quot;caption&quot;:&quot;Norway is often seen as one of the most equal countries in the world. But is it really?&quot;,&quot;cta&quot;:&quot;Listen now&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;sm&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Is Norway Really Equal? The Truth About Wealth Inequality&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:112306552,&quot;name&quot;:&quot;Equals Bulletin&quot;,&quot;bio&quot;:&quot;Insights brought to you by inequality experts&quot;,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/a74e64ba-abfa-4fbe-9818-d713770d2c9e_1200x1200.jpeg&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2026-03-24T12:34:30.772Z&quot;,&quot;cover_image&quot;:&quot;https://substack-video.s3.amazonaws.com/video_upload/post/191974550/60abd02a-b9e7-497b-8c17-6b27a4425455/transcoded-1774355428.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://www.equals.ink/p/is-norway-really-equal&quot;,&quot;section_name&quot;:&quot;EQUALS: Re-imagining Our Economy&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:191974550,&quot;type&quot;:&quot;podcast&quot;,&quot;reaction_count&quot;:2,&quot;comment_count&quot;:0,&quot;publication_id&quot;:1299797,&quot;publication_name&quot;:&quot;EQUALS&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!9Xo2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd509f8c7-5a64-4db1-8403-288e71794eba_572x572.png&quot;,&quot;belowTheFold&quot;:true,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div><hr></div>]]></content:encoded></item><item><title><![CDATA[Do women have better sex under socialism?  ]]></title><description><![CDATA[Max Lawson on why women were more equal and had better fulfilling relationships under socialism.]]></description><link>https://www.equals.ink/p/do-women-have-better-sex-under-socialism</link><guid isPermaLink="false">https://www.equals.ink/p/do-women-have-better-sex-under-socialism</guid><dc:creator><![CDATA[Max Lawson]]></dc:creator><pubDate>Sat, 14 Mar 2026 06:11:39 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/492a84fb-23d4-4955-892f-46c1a52a2c6f_964x964.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>The answer, according to the academic and author <a href="https://kristenghodsee.com/">Kristen Ghodsee</a>, who gave an incredible interview this week on our <a href="https://www.equals.ink/p/capitalism-vs-socialism-whats-better">EQUALS podcast</a>, is an emphatic &#8216;yes!&#8217;. This is no flippant point either but based on a large body of detailed academic research, both by her and many others. The former Eastern Bloc countries and the Soviet Union offered two fantastic opportunities for detailed comparative analysis, one during the Cold War looking at relations between women and men on both sides of the iron curtain, and one after the fall of communism when states like Russia rapidly became capitalist.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!s94w!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd0d9a0fb-7140-4beb-9f50-53ad96302f85_258x395.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!s94w!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd0d9a0fb-7140-4beb-9f50-53ad96302f85_258x395.jpeg 424w, https://substackcdn.com/image/fetch/$s_!s94w!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd0d9a0fb-7140-4beb-9f50-53ad96302f85_258x395.jpeg 848w, https://substackcdn.com/image/fetch/$s_!s94w!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd0d9a0fb-7140-4beb-9f50-53ad96302f85_258x395.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!s94w!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd0d9a0fb-7140-4beb-9f50-53ad96302f85_258x395.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!s94w!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd0d9a0fb-7140-4beb-9f50-53ad96302f85_258x395.jpeg" width="258" height="395" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/d0d9a0fb-7140-4beb-9f50-53ad96302f85_258x395.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:395,&quot;width&quot;:258,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:32382,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://www.equals.ink/i/190910008?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd0d9a0fb-7140-4beb-9f50-53ad96302f85_258x395.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!s94w!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd0d9a0fb-7140-4beb-9f50-53ad96302f85_258x395.jpeg 424w, https://substackcdn.com/image/fetch/$s_!s94w!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd0d9a0fb-7140-4beb-9f50-53ad96302f85_258x395.jpeg 848w, https://substackcdn.com/image/fetch/$s_!s94w!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd0d9a0fb-7140-4beb-9f50-53ad96302f85_258x395.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!s94w!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd0d9a0fb-7140-4beb-9f50-53ad96302f85_258x395.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>These studies show that for women under socialism, sexual relations were better, more fulfilling and more equal. The reason for this greater liberation in the bedroom is, according to <span class="mention-wrap" data-attrs="{&quot;name&quot;:&quot;K. R. Ghodsee&quot;,&quot;id&quot;:328262863,&quot;type&quot;:&quot;user&quot;,&quot;url&quot;:null,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/27fdb422-915d-4c09-a825-c860131fa5f1.jpeg&quot;,&quot;uuid&quot;:&quot;def52ed8-61b0-49bb-956f-43ab84500a76&quot;}" data-component-name="MentionToDOM"></span>, because women and men were far more equal overall in these societies. Critically, women were not nearly as economically dependent on men as they were in the West. State funded universal childcare, access to abortion and birth control, access to education, all radically reduced the unpaid care work of women and increased their economic independence. Women&#8217;s involvement in the workplace was far greater, women were scientists, engineers, even astronauts. Kristen grew up in the US, and aged 13 was inspired by <a href="https://en.wikipedia.org/wiki/Sally_Ride">Sally Ride</a>, the first woman from the USA to go into space in 1983, only to discover that the first woman in space, <a href="https://en.wikipedia.org/wiki/Valentina_Tereshkova">Valentina Tereshkova</a>, had gone up in 1963, 20 years before.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!jHLg!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7067661d-c2d1-47b4-a887-2d2ca65b240f_486x272.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!jHLg!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7067661d-c2d1-47b4-a887-2d2ca65b240f_486x272.jpeg 424w, https://substackcdn.com/image/fetch/$s_!jHLg!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7067661d-c2d1-47b4-a887-2d2ca65b240f_486x272.jpeg 848w, https://substackcdn.com/image/fetch/$s_!jHLg!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7067661d-c2d1-47b4-a887-2d2ca65b240f_486x272.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!jHLg!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7067661d-c2d1-47b4-a887-2d2ca65b240f_486x272.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!jHLg!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7067661d-c2d1-47b4-a887-2d2ca65b240f_486x272.jpeg" width="486" height="272" 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srcset="https://substackcdn.com/image/fetch/$s_!jHLg!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7067661d-c2d1-47b4-a887-2d2ca65b240f_486x272.jpeg 424w, https://substackcdn.com/image/fetch/$s_!jHLg!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7067661d-c2d1-47b4-a887-2d2ca65b240f_486x272.jpeg 848w, https://substackcdn.com/image/fetch/$s_!jHLg!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7067661d-c2d1-47b4-a887-2d2ca65b240f_486x272.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!jHLg!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7067661d-c2d1-47b4-a887-2d2ca65b240f_486x272.jpeg 1456w" sizes="100vw"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption"><em>Valentina Tereshkova of the Soviet Union, the first woman in space and champion of women&#8217;s rights.</em></figcaption></figure></div><p>Valentina went on to become a global champion of women&#8217;s rights. Ghodsee documents how in the US, the government were seriously worried about the economic advantage women&#8217;s liberation was giving their soviet competitors and <a href="https://academic.oup.com/ia/article-abstract/44/1/120/2546952">commissioned a series of comparative studies</a> on this. More broadly, she shows how competition from the second world played a key role in driving governments in the first world to do much more to legislate and take policy actions that would increase gender equality and women&#8217;s economic freedom.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!OXmT!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb44217bc-4364-451e-b0c7-4d9ce3f2c0a9_485x324.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!OXmT!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb44217bc-4364-451e-b0c7-4d9ce3f2c0a9_485x324.png 424w, https://substackcdn.com/image/fetch/$s_!OXmT!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb44217bc-4364-451e-b0c7-4d9ce3f2c0a9_485x324.png 848w, https://substackcdn.com/image/fetch/$s_!OXmT!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb44217bc-4364-451e-b0c7-4d9ce3f2c0a9_485x324.png 1272w, https://substackcdn.com/image/fetch/$s_!OXmT!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb44217bc-4364-451e-b0c7-4d9ce3f2c0a9_485x324.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!OXmT!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb44217bc-4364-451e-b0c7-4d9ce3f2c0a9_485x324.png" width="485" height="324" 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srcset="https://substackcdn.com/image/fetch/$s_!OXmT!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb44217bc-4364-451e-b0c7-4d9ce3f2c0a9_485x324.png 424w, https://substackcdn.com/image/fetch/$s_!OXmT!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb44217bc-4364-451e-b0c7-4d9ce3f2c0a9_485x324.png 848w, https://substackcdn.com/image/fetch/$s_!OXmT!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb44217bc-4364-451e-b0c7-4d9ce3f2c0a9_485x324.png 1272w, https://substackcdn.com/image/fetch/$s_!OXmT!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb44217bc-4364-451e-b0c7-4d9ce3f2c0a9_485x324.png 1456w" sizes="100vw"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption"><em>The film Hidden Figures, about the black female mathematicians who worked for NASA- in part a response to fears of the Soviet Union pulling ahead in the space race.</em></figcaption></figure></div><p>Of course, gender equality was very far from perfect under socialism, and the liberation of women was in part because it made sense economically, but there is no doubt that by a range of clearly empirical and objective criteria, women were genuinely much more economically and socially equal in these societies.</p><p>It was also very much at the core of socialist ideology from the beginning. <a href="https://www.internationalwomensday.com/Activity/15586/The-history-of-IWD">International Women&#8217;s Day</a> itself was the proposal of the incredible German socialist and feminist activist <a href="https://en.wikipedia.org/wiki/Clara_Zetkin">Clara Zetkin</a> in 1910, building on the strikes of women garment workers in New York in 1908.</p><p>Just as in the west, ideals of democratic freedom, even though far from full realised in reality, put pressure on the countries of the east, so ideals of social equality and gender equality from the countries of the east, even if never fully realised, put clear pressure on the leaders of the west.</p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.equals.ink/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://www.equals.ink/subscribe?"><span>Subscribe now</span></a></p><p><strong>Money can&#8217;t buy you love</strong></p><p>Conversely, when communism fell, and former Eastern Bloc countries adopted free market economies, economic and gender inequality rose dramatically. Women were forced out of the workplace, social safety nets were dismantled, while right wing nationalist politics encouraged a return to harmful gender roles. Women were increasingly expected to leave the workplace and return to their homes and forced to take on the unpaid care responsibilities previously taken on by the state, restoring men&#8217;s financial power within relationships. They were once more put in the position where they had to rely on men to survive, and as a result, sex, marriage and relations with men became again far more transactional. In a kind of deeply dark, 21<sup>st</sup> century version of Jane Austen, Ghodsee gives the example of new &#8216;<a href="https://www.businessinsider.com/moscow-gold-digger-academy-2015-4">gold digger academies</a>&#8217; in Russia. Aspiring gold diggers pay $1000 dollars a week in the hope of developing the skills to find themselves a wealthy male sponsor. Such sponsors are called &#8216;Forbses&#8217; (after the Forbes rich list) and the women are called &#8216;tiolki&#8217; or cattle.</p><p>This was not a simple snap back to sexist and misogynist ideas of &#8216;natural&#8217; gender roles, artificially suppressed by socialism. There was nothing natural about this, but instead the answer lies in basic economics, Ghodsee maintains. The deep inequality and insecurity that free market capitalism brought is the key driving force.</p><p>She draws the link between this experience and the sharp increase in economic inequality under neoliberal capitalism in our modern world, and the concomitant, deeply concerning rise in misogyny, sexism, violence against women. The explosion in right-wing ideas and truly nasty high-profile figures like Andrew Tate and others, focusing on returning to some mythical &#8216;traditional&#8217; role for women.</p><p>This is not simply an issue of scapegoating, or distraction, with young men encouraged to hate women and blame women for their lack of economic progress, although this is definitely a part of what is going on. For Ghodsee, it has a broader economic logic too, as when fewer jobs are available, and when governments are engaged in seemingly permanent austerity, it makes sense to push women out of the workforce, and to put them once again under the economic control of men.</p><p>This is not just about incomes but wealth too. Wealth is far more gender unequal than income, so the huge rise in wealth inequality, and in the importance of income from capital rather than income from work, also puts women back in a much more unequal position, with marriage being by far the most fruitful way in the US for a <a href="https://journals.sagepub.com/doi/abs/10.1177/0003122418820702?journalCode=asra&amp;amp;">woman to get into the richest 1%.</a></p><p>Conversely, under socialism, and under the policies pursued by socialist countries, (as well as much more equal capitalist countries like Sweden or Denmark), gender relations were steadily and comprehensively decommodified, and relations between women and men were immeasurably better as a result, based on equality, not economic necessity.</p><p>This is not the only thing that is decommodified either; more equal societies, where things like health, housing and education are provided to everyone based on need, not on ability to pay, gradually take more and more of what matters in life out of the realm of money. Modern capitalism seeks to do the opposite, to put a price on everything, to turn water, health, education, clean air, greenspaces and even friendship and love into commodities to be bought and sold. In doing so, the inherent value of these wonderful things is strained, depleted and destroyed. Putting a price on something often devalues it, the point made by the philosopher Michael Sandel in his brilliant book, <a href="https://www.penguin.co.uk/books/181796/what-money-cant-buy-by-sandel-michael-j/9780241954485">&#8216;What money can&#8217;t buy.&#8217; </a>I really agree with this. I feel personally, that the more of our common life we can take out of the realm of money and of driving profit for capital, the better it will be.</p><p><em><strong>ENDS.</strong></em></p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.equals.ink/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://www.equals.ink/subscribe?"><span>Subscribe now</span></a></p><div><hr></div><p><strong>Author:</strong> Max Lawson, Head of Inequality Policy at Oxfam International and EQUALS podcast co-host. He is also a visiting Professor in Practice at the LSE International Inequalities Institute and the co-chair of the Global <a href="https://peoplesmedicines.org/">People&#8217;s Medicines Alliance</a>.</p><p>Listen to our episode with <a href="https://www.equals.ink/p/capitalism-vs-socialism-whats-better">Kristen Ghodsee here</a>. </p><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;546308d1-0cd2-496f-b9d0-975255854e5e&quot;,&quot;caption&quot;:&quot;Why do women&#8217;s rights advance in some societies &#8212; and decline in others?&quot;,&quot;cta&quot;:&quot;Listen now&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;lg&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Capitalism vs Socialism: What&#8217;s Better for Women&#8217;s Rights?&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:112306552,&quot;name&quot;:&quot;Equals Bulletin&quot;,&quot;bio&quot;:&quot;Insights brought to you by inequality experts&quot;,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/a74e64ba-abfa-4fbe-9818-d713770d2c9e_1200x1200.jpeg&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null},{&quot;id&quot;:328262863,&quot;name&quot;:&quot;K. R. Ghodsee&quot;,&quot;bio&quot;:&quot;Kristen R. Ghodsee is the award-winning author and a professor of Russian and East European Studies at the University of Pennsylvania. She has published 12 books, including Why Women Have Better Sex Under Socialism and Everyday Utopia. &quot;,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/27fdb422-915d-4c09-a825-c860131fa5f1.jpeg&quot;,&quot;is_guest&quot;:true,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2026-03-10T12:24:18.781Z&quot;,&quot;cover_image&quot;:&quot;https://substack-video.s3.amazonaws.com/video_upload/post/190498441/15a1a2a9-ad66-425a-9995-824a8f649b70/transcoded-1773144793.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://www.equals.ink/p/capitalism-vs-socialism-whats-better&quot;,&quot;section_name&quot;:&quot;EQUALS: Re-imagining Our Economy&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:190498441,&quot;type&quot;:&quot;podcast&quot;,&quot;reaction_count&quot;:1,&quot;comment_count&quot;:0,&quot;publication_id&quot;:1299797,&quot;publication_name&quot;:&quot;EQUALS&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!9Xo2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd509f8c7-5a64-4db1-8403-288e71794eba_572x572.png&quot;,&quot;belowTheFold&quot;:true,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div>]]></content:encoded></item><item><title><![CDATA[Dynamiting Downton Abbey]]></title><description><![CDATA[Max Lawson on how 20th-century Britain deliberately dismantled extreme wealth inequality using progressive taxation and bold democratic reform.]]></description><link>https://www.equals.ink/p/detonating-downton-abbey</link><guid isPermaLink="false">https://www.equals.ink/p/detonating-downton-abbey</guid><dc:creator><![CDATA[Max Lawson]]></dc:creator><pubDate>Sat, 28 Feb 2026 06:31:18 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/5eba0634-3349-41ff-af64-2d6b1dca6b1a_663x438.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!-cQo!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd030070b-994b-4d2c-b58e-07370618de3f_602x404.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!-cQo!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd030070b-994b-4d2c-b58e-07370618de3f_602x404.jpeg 424w, https://substackcdn.com/image/fetch/$s_!-cQo!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd030070b-994b-4d2c-b58e-07370618de3f_602x404.jpeg 848w, https://substackcdn.com/image/fetch/$s_!-cQo!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd030070b-994b-4d2c-b58e-07370618de3f_602x404.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!-cQo!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd030070b-994b-4d2c-b58e-07370618de3f_602x404.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!-cQo!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd030070b-994b-4d2c-b58e-07370618de3f_602x404.jpeg" width="602" height="404" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/d030070b-994b-4d2c-b58e-07370618de3f_602x404.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:404,&quot;width&quot;:602,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:102870,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://www.equals.ink/i/189434150?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd030070b-994b-4d2c-b58e-07370618de3f_602x404.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!-cQo!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd030070b-994b-4d2c-b58e-07370618de3f_602x404.jpeg 424w, https://substackcdn.com/image/fetch/$s_!-cQo!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd030070b-994b-4d2c-b58e-07370618de3f_602x404.jpeg 848w, https://substackcdn.com/image/fetch/$s_!-cQo!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd030070b-994b-4d2c-b58e-07370618de3f_602x404.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!-cQo!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd030070b-994b-4d2c-b58e-07370618de3f_602x404.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption">Mothers and babies outside Bury Knowle House baby clinic, 1930&#8217;s</figcaption></figure></div><p>I was staying at my mother&#8217;s house in Oxford recently and we went to the local public park with the kids. The park has an old stone house that now serves as the public library. <a href="https://www.headington.org.uk/history/misc/buryknowlepark.html">Bury Knowle park and house</a> were originally in private ownership. The house was built for a banker in 1800, and owned by a series of wealthy families, before being bought by the city council in 1930. It was turned into the park and library it still is today, as well as other uses such as being a baby clinic for young mothers.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!rNis!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8363b501-8d05-480c-b267-31403e53f30a_1111x833.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!rNis!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8363b501-8d05-480c-b267-31403e53f30a_1111x833.jpeg 424w, https://substackcdn.com/image/fetch/$s_!rNis!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8363b501-8d05-480c-b267-31403e53f30a_1111x833.jpeg 848w, https://substackcdn.com/image/fetch/$s_!rNis!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8363b501-8d05-480c-b267-31403e53f30a_1111x833.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!rNis!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8363b501-8d05-480c-b267-31403e53f30a_1111x833.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!rNis!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8363b501-8d05-480c-b267-31403e53f30a_1111x833.jpeg" width="1111" height="833" 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srcset="https://substackcdn.com/image/fetch/$s_!rNis!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8363b501-8d05-480c-b267-31403e53f30a_1111x833.jpeg 424w, https://substackcdn.com/image/fetch/$s_!rNis!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8363b501-8d05-480c-b267-31403e53f30a_1111x833.jpeg 848w, https://substackcdn.com/image/fetch/$s_!rNis!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8363b501-8d05-480c-b267-31403e53f30a_1111x833.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!rNis!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8363b501-8d05-480c-b267-31403e53f30a_1111x833.jpeg 1456w" sizes="100vw"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption">Bury Knowle House is now a public library</figcaption></figure></div><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.equals.ink/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://www.equals.ink/subscribe?"><span>Subscribe now</span></a></p><p>The UK has many such buildings and parks, formerly the large homes of rich people, now run for various government or public purposes- becoming libraries, hospitals, education colleges or various government training institutes. Many hundreds of other large houses and grounds are managed by the National Trust, which is an independent charity, and the public can pay to visit them. These properties are very popular, especially with the middle classes as the cost of entry remains a barrier. I love them, particularly the grounds, as they are generally beautiful landscapes with huge mature oak and other trees, an oasis from the industrial farmland that makes up most of our countryside. Great tea and cheese scones too.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!xrPb!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa9af645c-e020-48fc-aaa9-04997b32918c_903x501.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!xrPb!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa9af645c-e020-48fc-aaa9-04997b32918c_903x501.png 424w, https://substackcdn.com/image/fetch/$s_!xrPb!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa9af645c-e020-48fc-aaa9-04997b32918c_903x501.png 848w, https://substackcdn.com/image/fetch/$s_!xrPb!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa9af645c-e020-48fc-aaa9-04997b32918c_903x501.png 1272w, https://substackcdn.com/image/fetch/$s_!xrPb!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa9af645c-e020-48fc-aaa9-04997b32918c_903x501.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!xrPb!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa9af645c-e020-48fc-aaa9-04997b32918c_903x501.png" width="903" height="501" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/a9af645c-e020-48fc-aaa9-04997b32918c_903x501.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:501,&quot;width&quot;:903,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:988769,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.equals.ink/i/189434150?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa9af645c-e020-48fc-aaa9-04997b32918c_903x501.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!xrPb!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa9af645c-e020-48fc-aaa9-04997b32918c_903x501.png 424w, https://substackcdn.com/image/fetch/$s_!xrPb!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa9af645c-e020-48fc-aaa9-04997b32918c_903x501.png 848w, https://substackcdn.com/image/fetch/$s_!xrPb!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa9af645c-e020-48fc-aaa9-04997b32918c_903x501.png 1272w, https://substackcdn.com/image/fetch/$s_!xrPb!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa9af645c-e020-48fc-aaa9-04997b32918c_903x501.png 1456w" sizes="100vw"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption">Wonderful trees and cheese scones</figcaption></figure></div><p><strong>A peaceful revolution</strong></p><p>These houses and their transition from private ownership to public use are the very physical manifestation of an incredible reduction in wealth inequality that occurred during the 20<sup>th</sup> century in the UK, where the share of wealth of the richest 1% fell from a peak of 72% to 18% in 1983.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!4baZ!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F17b78e20-77b0-4262-bcc6-b3f20d5084a6_903x668.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!4baZ!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F17b78e20-77b0-4262-bcc6-b3f20d5084a6_903x668.png 424w, https://substackcdn.com/image/fetch/$s_!4baZ!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F17b78e20-77b0-4262-bcc6-b3f20d5084a6_903x668.png 848w, https://substackcdn.com/image/fetch/$s_!4baZ!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F17b78e20-77b0-4262-bcc6-b3f20d5084a6_903x668.png 1272w, https://substackcdn.com/image/fetch/$s_!4baZ!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F17b78e20-77b0-4262-bcc6-b3f20d5084a6_903x668.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!4baZ!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F17b78e20-77b0-4262-bcc6-b3f20d5084a6_903x668.png" width="903" height="668" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/17b78e20-77b0-4262-bcc6-b3f20d5084a6_903x668.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:668,&quot;width&quot;:903,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:98046,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.equals.ink/i/189434150?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F17b78e20-77b0-4262-bcc6-b3f20d5084a6_903x668.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!4baZ!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F17b78e20-77b0-4262-bcc6-b3f20d5084a6_903x668.png 424w, https://substackcdn.com/image/fetch/$s_!4baZ!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F17b78e20-77b0-4262-bcc6-b3f20d5084a6_903x668.png 848w, https://substackcdn.com/image/fetch/$s_!4baZ!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F17b78e20-77b0-4262-bcc6-b3f20d5084a6_903x668.png 1272w, https://substackcdn.com/image/fetch/$s_!4baZ!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F17b78e20-77b0-4262-bcc6-b3f20d5084a6_903x668.png 1456w" sizes="100vw"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption">Data from World Inequality Database</figcaption></figure></div><p>In addition to many of these houses and their land being turned over to the public, many more were simply demolished, and the lands they controlled divided up. Over a thousand country houses were destroyed up and down the country.</p><p>Some of these houses were enormous, similar in size and stature to the fictional Downton Abbey, employing huge numbers of servants and other staff, all to support one family.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!sz7F!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F563bd32f-471e-4bcb-9599-fe4522cfcf7c_666x859.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!sz7F!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F563bd32f-471e-4bcb-9599-fe4522cfcf7c_666x859.png 424w, https://substackcdn.com/image/fetch/$s_!sz7F!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F563bd32f-471e-4bcb-9599-fe4522cfcf7c_666x859.png 848w, https://substackcdn.com/image/fetch/$s_!sz7F!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F563bd32f-471e-4bcb-9599-fe4522cfcf7c_666x859.png 1272w, https://substackcdn.com/image/fetch/$s_!sz7F!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F563bd32f-471e-4bcb-9599-fe4522cfcf7c_666x859.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!sz7F!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F563bd32f-471e-4bcb-9599-fe4522cfcf7c_666x859.png" width="666" height="859" 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srcset="https://substackcdn.com/image/fetch/$s_!sz7F!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F563bd32f-471e-4bcb-9599-fe4522cfcf7c_666x859.png 424w, https://substackcdn.com/image/fetch/$s_!sz7F!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F563bd32f-471e-4bcb-9599-fe4522cfcf7c_666x859.png 848w, https://substackcdn.com/image/fetch/$s_!sz7F!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F563bd32f-471e-4bcb-9599-fe4522cfcf7c_666x859.png 1272w, https://substackcdn.com/image/fetch/$s_!sz7F!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F563bd32f-471e-4bcb-9599-fe4522cfcf7c_666x859.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption">One such house, <a href="https://www.thenorthernecho.co.uk/history/15691116.streatlam-castle---blown-army-1959-home-10th-richest-man-england/">Streatham Castle</a>, blown up in 1959, after being sold</figcaption></figure></div><p>They were torn down, the many books in their libraries and their collections of art sold off, or given to the state in lieu of tax owed- today if you go around the National Gallery and look at the many amazing works of art, next to the name of the picture, you often see a short sentence saying, &#8216;donated to the nation by Lord X, in lieu of death duties&#8217;.</p><p>This radical shift was not the result of a violent revolution or insurrection, but the product of a peaceful, democratic transition that took the UK from being one of the most unequal countries in the world to being one of the most equal, on a par with Sweden. It is a story that is not well know at all and rarely told.</p><p>The reasons behind this dramatic destruction of privilege and great fortunes were multiple, the product of both deliberate policy and historical events, and the complex synergy between them. They have, I think, significant implications for today, where wealth is once again becoming far more concentrated in the UK and the rest of the world.</p><p><strong>The purposeful destruction of extreme wealth</strong></p><p>While peaceful and democratic, this shift did not happen without a fight. This was a dramatic battle between the newly enfranchised, newly organised and vocal working and middle classes, and the historically wealthy, many of whom could trace their wealth back to the Norman conquest of Britain.</p><p>The removal of trade protections on corn, and the competition from corn grown in the USA or Argentina, made farming less profitable, and not enough to support such palaces and the style of living that came with them.</p><p>Taxes on wealth, inheritance and incomes, played a huge role in this demolition of wealth. The &#8216;supertax&#8217; introduced on the incomes of richest by the Prime Minister Lloyd George, who faced a huge battle to do it with the House of Lords. The estate tax, known also as &#8216;death duties&#8217;, which was introduced in 1894, reached a peak of 85% in the 1960&#8217;s.</p><p>The first World War saw many young men who were the heirs to fortunes killed on the battlefield, mown down by machine guns, leading their men over the top. It also saw many servants go to fight, and many houses temporarily requisitioned to become hospitals. Many did not come back either, over 720,000 were killed in WW1, around one in eight who fought. The emancipation of women, in part also driven by the war, but also the suffragette movement and the availability of better paid jobs that did not entail servitude, meant a collapse in the numbers willing to work as housemaids, parlour maids, ladies&#8217; maids or cooks. Men too had better options than being stable hands, footmen or butlers, driving up the cost of having an army of servants.</p><p>Harder to quantify, but equally important, was a big shift in the public mood, that crystalised with Winston Churchill being ousted from government in July 1945, and the election of a labour government on a landslide.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!MSMO!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F35a7f704-a6b8-45a4-b104-abca1b52aa27_368x223.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!MSMO!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F35a7f704-a6b8-45a4-b104-abca1b52aa27_368x223.jpeg 424w, https://substackcdn.com/image/fetch/$s_!MSMO!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F35a7f704-a6b8-45a4-b104-abca1b52aa27_368x223.jpeg 848w, https://substackcdn.com/image/fetch/$s_!MSMO!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F35a7f704-a6b8-45a4-b104-abca1b52aa27_368x223.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!MSMO!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F35a7f704-a6b8-45a4-b104-abca1b52aa27_368x223.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!MSMO!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F35a7f704-a6b8-45a4-b104-abca1b52aa27_368x223.jpeg" width="368" height="223" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/35a7f704-a6b8-45a4-b104-abca1b52aa27_368x223.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:223,&quot;width&quot;:368,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:36742,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.equals.ink/i/189434150?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F35a7f704-a6b8-45a4-b104-abca1b52aa27_368x223.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!MSMO!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F35a7f704-a6b8-45a4-b104-abca1b52aa27_368x223.jpeg 424w, https://substackcdn.com/image/fetch/$s_!MSMO!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F35a7f704-a6b8-45a4-b104-abca1b52aa27_368x223.jpeg 848w, https://substackcdn.com/image/fetch/$s_!MSMO!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F35a7f704-a6b8-45a4-b104-abca1b52aa27_368x223.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!MSMO!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F35a7f704-a6b8-45a4-b104-abca1b52aa27_368x223.jpeg 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><p>Britons from across the political spectrum saw the old world as one that had led them into destitution, economic hardship and two world wars. They wanted a new, modern Britain, which would no longer tolerate such wealth inequality. The deference of the past was replaced by a new self-confidence that the future of Britain should be built by and for ordinary people, not the historically privileged elite.</p><p>Importantly, this reduction in wealth inequality was not simply the inevitable product of events. It was done with purpose, by politicians, acting on the will of the majority for a more equal country. Events such as war and stock market crashes of course contributed, but it was the policy responses to these events that mattered as much as the events themselves.</p><p>Even the richest were in many ways <a href="https://theconversation.com/the-uks-wealth-timebomb-and-how-to-defuse-it-268700">resigned</a> to this new world. Whilst their wealth was much diminished, many remained extremely wealthy, and do so to this day. Often, they owned more than one of these houses, so were happy to see a few torn down or given away, content to keep their one country estate. The owners of Streatham House simply retreated to <a href="https://en.wikipedia.org/wiki/Glamis_Castle">Glamis Castle</a> in Scotland. This was not a complete revolution. Britain was left with a significant number of rich people who still owned one in every five pounds of national wealth.</p><p><strong>High time we remembered how we made a more equal Britain</strong></p><p>It is something we have all forgotten really. As people make their way into the library in Bury Knowle House to return a borrowed book to the desk situated in the former ballroom, little do they know about the quiet revolution to which they owe this opportunity.</p><p>Having reduced dramatically, wealth inequality is on the rise again. Old houses used by the government are in some cases being <a href="https://academic.oup.com/tcbh/article/36/1/hwaf001/8071376">sold back to new rich owners</a>, who often immediately close them to the public, making them once again private palaces only accessible to the richest.</p><p>Our current government in the UK, despite huge public support, remains far too timid to enact a wealth tax. They have increased the inheritance tax at least. Yet they have done not nearly enough to tackle the huge problem of wealth concentration, and with it the huge rise in inheritance, which is driving inequality across the country. UK millennials have <a href="https://www.lse.ac.uk/International-Inequalities/Assets/Documents/Why-wealth-inequality-matters-PRINT97.pdf">much higher wealth inequality</a> than previous generations, and our society is once again becoming one where your economic standing depends on your parents&#8217; wealth, and not on your own endeavour.</p><p>High time I think to do more to tell the story of how we took on extreme wealth and won, and built a far fairer, more equal nation. If we did it before, we can do it again.</p><p><strong>ENDS</strong></p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.equals.ink/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://www.equals.ink/subscribe?"><span>Subscribe now</span></a></p><div><hr></div><p><strong>Author:</strong> Max Lawson, Head of Inequality Policy at Oxfam International and EQUALS podcast co-host. He is also a visiting Professor in Practice at the LSE International Inequalities Institute and the co-chair of the Global <a href="https://peoplesmedicines.org/">People&#8217;s Medicines Alliance</a>.</p><p>Listen to our latest podcast episode &#8216;<strong><a href="https://www.equals.ink/p/how-migrants-are-used-as-scapegoats">How Migrants Are Used as Scapegoats for the Real Crisis</a>&#8217;</strong></p><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;8236d27d-1141-434b-aae7-9f77da88e595&quot;,&quot;caption&quot;:&quot;Is the immigration debate really about borders &#8212; or is it a political smokescreen?&quot;,&quot;cta&quot;:&quot;Listen now&quot;,&quot;showBylines&quot;:true,&quot;showDescription&quot;:true,&quot;showImage&quot;:true,&quot;size&quot;:&quot;sm&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Beyond the Political Noise: How Migrants Are Used as Scapegoats for the Real Crisis&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:112306552,&quot;name&quot;:&quot;Equals Bulletin&quot;,&quot;bio&quot;:&quot;Insights brought to you by inequality experts&quot;,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/a74e64ba-abfa-4fbe-9818-d713770d2c9e_1200x1200.jpeg&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null},{&quot;id&quot;:8008233,&quot;name&quot;:&quot;Zoe Gardner&quot;,&quot;bio&quot;:&quot;People move. I write about how this simple human reality could be well managed in the UK &amp; Europe so migrants &amp; host communities benefit.&quot;,&quot;photo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!-kAh!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fbe560887-dc2a-42dd-aace-95c8de8b47b1_894x894.jpeg&quot;,&quot;is_guest&quot;:true,&quot;bestseller_tier&quot;:null,&quot;primaryPublicationSubscribeUrl&quot;:&quot;https://zoejardiniere.substack.com/subscribe?&quot;,&quot;primaryPublicationUrl&quot;:&quot;https://zoejardiniere.substack.com&quot;,&quot;primaryPublicationName&quot;:&quot;Zoe Gardner&quot;,&quot;primaryPublicationId&quot;:6954946}],&quot;post_date&quot;:&quot;2026-02-25T13:33:08.647Z&quot;,&quot;cover_image&quot;:&quot;https://substack-video.s3.amazonaws.com/video_upload/post/189136058/62f7ea87-9059-487a-9889-bb4128b805ad/transcoded-1772026192.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://www.equals.ink/p/how-migrants-are-used-as-scapegoats&quot;,&quot;section_name&quot;:&quot;EQUALS: Re-imagining Our Economy&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:189136058,&quot;type&quot;:&quot;podcast&quot;,&quot;reaction_count&quot;:6,&quot;comment_count&quot;:1,&quot;publication_id&quot;:1299797,&quot;publication_name&quot;:&quot;EQUALS&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!9Xo2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd509f8c7-5a64-4db1-8403-288e71794eba_572x572.png&quot;,&quot;belowTheFold&quot;:true,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div>]]></content:encoded></item><item><title><![CDATA[Debt Justice to Overcome the Inequality, Climate and Nature Crises]]></title><description><![CDATA[By Matthew Martin]]></description><link>https://www.equals.ink/p/debt-justice-to-overcome-the-inequality</link><guid isPermaLink="false">https://www.equals.ink/p/debt-justice-to-overcome-the-inequality</guid><pubDate>Tue, 10 Feb 2026 17:26:03 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!qXgw!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9335293e-a532-4459-a5aa-41166733371c_488x325.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><em><strong>I have been passionate about fighting inequality since I was a child.</strong></em> I grew up in Africa, where the inequality between whites and blacks was shocking &#8211; and in some countries the black post-colonial elite were repeating the sins of their former colonial masters.</p><p>My pro-apartheid grandfather then forced us to return to South Africa in the worst days of apartheid, when black children were forced to live with their grandparents in the &#8220;homelands&#8221; (the least fertile bits of desolate land), and only blacks of working age were allowed anywhere near the whites. But a woman who worked in our block of flats had smuggled her son who was same age as me (eight) into the building, and we used to play together. One day, a gang of white teenage thugs decided it would be fun to throw bricks and rocks at us, and try to stone us to death. Thank God my aunt showed up and stopped the police arresting &#8211; not the thugs, but my friend for being in white area!</p><p>When I came back to Britain, I also saw institutionalised inequality. My mother had to travel round the country for work and enrolled me briefly in a private school before I went to a government school. I saw how the &#8220;school apartheid&#8221; in the UK which continues to this day. Wealthier children who are no brighter than poorer ones still get most of the highest-paying and most powerful jobs, perpetuating inequality through the generations.</p><p>At university, I realised that debt injustice was wrecking the lives of billions of people. My PhD became a book called <a href="https://link.springer.com/book/10.1007/978-1-349-12325-4">The Crumbling Fa&#231;ade of Africa&#8217;s Debt Negotiations: Chaos, Arrogance and Secrecy</a>. It traced how because creditors held 100% of power in secret debt negotiations, they decided the amount of debt relief based on the position of the most recalcitrant creditor, leading to a chaotic system where countries came back repeatedly for relief, while cutting spending on the things their people really needed &#8211; education, food, health and water.</p><p><em><strong>I realised that debt was inextricably linked with poverty and inequality.</strong></em> Some borrowing was essential &#8211; helping to fund all the things citizens want and need; but when countries ran out of money to pay it back, they faced a debt crisis and ordinary citizens paid the price. The creditors (external or domestic) are nearly all rich, dominated by financial institutions and people making money out of wealth they hold in financial investments. On the other hand, those who pay the biggest price in a debt crisis are poor and middle-class citizens who see &#8220;austerity&#8221; - spending cuts in education, health, social protection, and public sector wages; and tax increases - to repay the debt. When there is a debt crisis, the rich get richer and the poor get poorer.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!qXgw!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9335293e-a532-4459-a5aa-41166733371c_488x325.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!qXgw!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9335293e-a532-4459-a5aa-41166733371c_488x325.jpeg 424w, https://substackcdn.com/image/fetch/$s_!qXgw!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9335293e-a532-4459-a5aa-41166733371c_488x325.jpeg 848w, https://substackcdn.com/image/fetch/$s_!qXgw!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9335293e-a532-4459-a5aa-41166733371c_488x325.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!qXgw!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9335293e-a532-4459-a5aa-41166733371c_488x325.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!qXgw!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9335293e-a532-4459-a5aa-41166733371c_488x325.jpeg" width="488" height="325" 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srcset="https://substackcdn.com/image/fetch/$s_!qXgw!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9335293e-a532-4459-a5aa-41166733371c_488x325.jpeg 424w, https://substackcdn.com/image/fetch/$s_!qXgw!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9335293e-a532-4459-a5aa-41166733371c_488x325.jpeg 848w, https://substackcdn.com/image/fetch/$s_!qXgw!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9335293e-a532-4459-a5aa-41166733371c_488x325.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!qXgw!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9335293e-a532-4459-a5aa-41166733371c_488x325.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p><em><strong>In the 1990s/2000s, I was at the centre of the fight for debt relief</strong></em>, advising the Jubilee debt cancellation movement and helping global South countries (the group known patronisingly as Heavily Indebted Poor Countries) to fight their case to negotiate maximum debt relief. We achieved a huge amount &#8211; including getting creditors to bring debt payments down to 10% of budgets. This allowed countries to double or treble social spending &#8211; providing free primary education to all children and saving millions of lives. In countries like Rwanda, governments invested in rural roads and small markets to create sustainable livelihoods for the poor. These efforts set up those countries for a decade of strong growth and poverty reduction.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!6H10!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F44da6222-ff12-43b2-90a4-bf333675880a_1379x935.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!6H10!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F44da6222-ff12-43b2-90a4-bf333675880a_1379x935.jpeg 424w, https://substackcdn.com/image/fetch/$s_!6H10!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F44da6222-ff12-43b2-90a4-bf333675880a_1379x935.jpeg 848w, https://substackcdn.com/image/fetch/$s_!6H10!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F44da6222-ff12-43b2-90a4-bf333675880a_1379x935.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!6H10!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F44da6222-ff12-43b2-90a4-bf333675880a_1379x935.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!6H10!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F44da6222-ff12-43b2-90a4-bf333675880a_1379x935.jpeg" width="1379" height="935" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/44da6222-ff12-43b2-90a4-bf333675880a_1379x935.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:935,&quot;width&quot;:1379,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:493330,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.equals.ink/i/187534521?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F44da6222-ff12-43b2-90a4-bf333675880a_1379x935.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!6H10!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F44da6222-ff12-43b2-90a4-bf333675880a_1379x935.jpeg 424w, https://substackcdn.com/image/fetch/$s_!6H10!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F44da6222-ff12-43b2-90a4-bf333675880a_1379x935.jpeg 848w, https://substackcdn.com/image/fetch/$s_!6H10!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F44da6222-ff12-43b2-90a4-bf333675880a_1379x935.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!6H10!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F44da6222-ff12-43b2-90a4-bf333675880a_1379x935.jpeg 1456w" sizes="100vw"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p><em><strong>How did we do it ?</strong></em> By combining a massive popular Jubilee campaign movement, analysis coming up with workable and affordable solutions. and tough lobbying by the beneficiary countries (evaluators later said they achieved US$27 billion of the US$100 billion cancelled).</p><p><em><strong>Lots of people object to debt relief on the grounds that the countries are corrupt. </strong></em>It is true that corruption by lenders and borrowers is frequent &#8211; I and many others have been threatened with violence by the crooks when we have investigated them. To stop it we need strong laws at both ends. The UK anti-corruption law of 2010 was used by Mozambique in 2025 to help spare its citizens from having to pay US$2 billion of crooked loans, and many other countries need to strengthen their laws to cover debt contracts. Also vital is transparency and accountability to citizens and parliaments of the global South, not just by publishing data and contracts online, but through national accountability processes supported by capacity-building for parliaments and citizens to stop bad deals, and for government officials to produce the analysis citizens need. Last time, to ensure the proceeds of debt relief were spent, there was a revolution in accountability: countries designed their own Poverty Reduction Strategies, with strong citizen participation, and then committees of government, civil society and development partners oversaw the spending: that&#8217;s why the debt relief achieved so much development progress.</p><p>On the other hand, <strong>the big thing we didn&#8217;t achieve was to change the system</strong>. The creditors remained in charge, and decided by 2010 to abolish almost all the advances of the 2000s, and go back to decisions based on financial not development criteria. When in around 2015 creditors began to cut grant aid, and push countries to borrow in financial markets, just when the world had set new development goals which required trillions of dollars of financing, I could see that we were heading for a new debt crisis: and now we are in the worst crisis in history.</p><p><em><strong>Why is it the worst crisis ever ?</strong></em> With the HIPCs, many of them had been in arrears for many years and so weren&#8217;t paying much debt service (except to the IMF and World Bank). But now almost all countries in the global South have astronomical debt payments. At Development Finance International we have built a <strong><a href="https://www.development-finance.org/en/news/873-washington-debt-service-watch-2025-briefing-and-database-released">Debt Service Watch database</a></strong>, the only one which compares external and domestic debt service with core social spending for 2025-26. It shows that on average countries of the global South are paying 35% of their budgets on debt.</p><p>As you can see from the map below, in almost all countries, debt payments are higher than education spending. Overall, 5.2 billion people live in countries where debt payments are higher than total social spending. On average, debt service is 3 times education spending, 5 times health spending and 9 times social protection spending. And in almost all of these countries, the high debt payment burdens go on for the next decade.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!P9Lz!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9627f591-8fb5-469b-80bc-6ff96f6d771e_1379x695.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!P9Lz!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9627f591-8fb5-469b-80bc-6ff96f6d771e_1379x695.png 424w, https://substackcdn.com/image/fetch/$s_!P9Lz!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9627f591-8fb5-469b-80bc-6ff96f6d771e_1379x695.png 848w, https://substackcdn.com/image/fetch/$s_!P9Lz!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9627f591-8fb5-469b-80bc-6ff96f6d771e_1379x695.png 1272w, https://substackcdn.com/image/fetch/$s_!P9Lz!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9627f591-8fb5-469b-80bc-6ff96f6d771e_1379x695.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!P9Lz!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9627f591-8fb5-469b-80bc-6ff96f6d771e_1379x695.png" width="1379" height="695" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/9627f591-8fb5-469b-80bc-6ff96f6d771e_1379x695.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:695,&quot;width&quot;:1379,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:228213,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.equals.ink/i/187534521?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9627f591-8fb5-469b-80bc-6ff96f6d771e_1379x695.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!P9Lz!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9627f591-8fb5-469b-80bc-6ff96f6d771e_1379x695.png 424w, https://substackcdn.com/image/fetch/$s_!P9Lz!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9627f591-8fb5-469b-80bc-6ff96f6d771e_1379x695.png 848w, https://substackcdn.com/image/fetch/$s_!P9Lz!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9627f591-8fb5-469b-80bc-6ff96f6d771e_1379x695.png 1272w, https://substackcdn.com/image/fetch/$s_!P9Lz!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9627f591-8fb5-469b-80bc-6ff96f6d771e_1379x695.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>As a result, increasing numbers of governments - and especially citizens - are shouting much louder about the need for debt cancellation. They are angry because since COVID-19, their governments have been cutting social spending and increasing taxes even faster to make rapidly rising debt payments. We have seen this clearly in the 2024 <em><strong><a href="https://www.inequalityindex.org/report/the-commitment-to-reducing-inequality-2024/">Commitment to Reducing Inequality Index</a></strong></em> which we produce with Oxfam, where many governments rolled back anti-inequality policies in 2022-24 (though some countries continue to fight inequality well).</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!0Ej7!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffb36439b-bcd0-4974-b652-10ee494838d4_451x564.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!0Ej7!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffb36439b-bcd0-4974-b652-10ee494838d4_451x564.jpeg 424w, https://substackcdn.com/image/fetch/$s_!0Ej7!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffb36439b-bcd0-4974-b652-10ee494838d4_451x564.jpeg 848w, https://substackcdn.com/image/fetch/$s_!0Ej7!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffb36439b-bcd0-4974-b652-10ee494838d4_451x564.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!0Ej7!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffb36439b-bcd0-4974-b652-10ee494838d4_451x564.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!0Ej7!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffb36439b-bcd0-4974-b652-10ee494838d4_451x564.jpeg" width="451" height="564" 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srcset="https://substackcdn.com/image/fetch/$s_!0Ej7!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffb36439b-bcd0-4974-b652-10ee494838d4_451x564.jpeg 424w, https://substackcdn.com/image/fetch/$s_!0Ej7!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffb36439b-bcd0-4974-b652-10ee494838d4_451x564.jpeg 848w, https://substackcdn.com/image/fetch/$s_!0Ej7!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffb36439b-bcd0-4974-b652-10ee494838d4_451x564.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!0Ej7!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffb36439b-bcd0-4974-b652-10ee494838d4_451x564.jpeg 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>In addition, citizens are basing the demand for debt cancellation on new arguments such as reparations, decolonisation and paying for climate and nature justice (on average debt payments are 98 times higher than what governments are spending on climate !).</p><p><em><strong>On the other hand, two things haven&#8217;t changed since the first crisis -though they are often used as excuses by the creditor community to say they make debt relief much harder</strong></em>.</p><ol><li><p><strong>Commercial creditors are more prominent</strong>. Banks have mostly been replaced by bondholders and investment funds. Both in their day have acted like the Wild West in terms of overcharging countries. Last time it took &#8220;moral suasion&#8221;, tax incentives and strong laws to get most creditors to participate in relief. Once again a minority are refusing to provide relief and launching lawsuits against countries (most recently Ethiopia). One of the things I am most proud of is helping in 2010 to design the UK &#8220;anti-vulture fund&#8221; law which forced recalcitrant creditors to participate. We urgently need an update of that law.</p></li><li><p><strong>China is more prominent.</strong> China has been lending since the 1970s, and at the forefront of debt relief since 1977, providing as much or more than Western countries. It always wants to use its own processes, and not be corralled into action by the G7 or G20. Its lending shot up and became more expensive in the 2010s, and now it wants to be sure that Western commercial creditors and multilateral institutions will deliver their fair share of relief.</p></li></ol><p><em><strong>What can we do to end the crisis ? It is easy to design solutions which can achieve massive relief at relatively low cost. </strong></em>We need to focus on cancelling or cutting payments due in the next decade (rather than cancelling all the debt which would cost far more), to free up space for governments to spend money on the SDGs. Countries fall into three groups:</p><ol><li><p>40 lower-income countries need major service reduction, bringing down their payments from 35% of spending to 10% over the next 10 years (the HIPC target). As they don&#8217;t routinely borrow commercially, this would not negatively affect their &#8220;market access&#8221;.</p></li><li><p>25 are regularly hit by natural disasters (earthquakes, hurricanes, pandemics). They need us to move beyond &#8220;pausing&#8221; their debt payments for a few years which just worsens the problem, to reducing debt payments for 5 years to allow them to recover.</p></li><li><p>35 (mostly wealthier) countries, like South Africa, constantly borrow on financial markets to fund their budgets: they need comprehensive measures to reduce their borrowing costs.</p></li></ol><p>To spend the proceeds, countries should build Just Green Transition Strategies to fight extreme inequality, climate crisis and nature loss at the same time &#8211; and participatory structures to hold them accountable for implementation. If we fund these with debt cancellation (and new money), we can make massive progress on the SDGs and the post-2030 agenda. But none of this is happening now because world leaders aren&#8217;t prioritising this crisis. <em><strong>To get them to focus on ending extreme inequality and poverty, and confront the climate and nature crises, a global popular movement is rapidly growing across the world &#8211; please join it now!</strong></em></p><p><em><strong>END.</strong></em></p><div><hr></div><p>Author: <strong>Matthew Martin, Executive Director, <a href="https://www.development-finance.org">Development Finance International</a></strong></p><p>Matthew discusses these issues in more depth in our latest podcast episode, unpacking how debt, inequality, and political choice intersect &#8212; and why things don&#8217;t have to stay this way. Listen here&#128071;</p><div class="embedded-post-wrap" data-attrs="{&quot;id&quot;:187506890,&quot;url&quot;:&quot;https://www.equals.ink/p/who-pays-when-countries-fall-into&quot;,&quot;publication_id&quot;:1299797,&quot;publication_name&quot;:&quot;EQUALS&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!9Xo2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd509f8c7-5a64-4db1-8403-288e71794eba_572x572.png&quot;,&quot;title&quot;:&quot;Who Pays When Countries Fall into Debt?&quot;,&quot;truncated_body_text&quot;:&quot;When countries fall into debt, who actually pays the price?&quot;,&quot;date&quot;:&quot;2026-02-10T13:08:47.781Z&quot;,&quot;like_count&quot;:0,&quot;comment_count&quot;:0,&quot;bylines&quot;:[{&quot;id&quot;:112306552,&quot;name&quot;:&quot;Equals Bulletin&quot;,&quot;handle&quot;:&quot;equals&quot;,&quot;previous_name&quot;:null,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/a74e64ba-abfa-4fbe-9818-d713770d2c9e_1200x1200.jpeg&quot;,&quot;bio&quot;:&quot;Insights brought to you by inequality experts&quot;,&quot;profile_set_up_at&quot;:&quot;2023-01-09T09:22:03.721Z&quot;,&quot;reader_installed_at&quot;:&quot;2023-01-26T14:39:04.612Z&quot;,&quot;publicationUsers&quot;:[{&quot;id&quot;:1258299,&quot;user_id&quot;:112306552,&quot;publication_id&quot;:1299797,&quot;role&quot;:&quot;admin&quot;,&quot;public&quot;:true,&quot;is_primary&quot;:true,&quot;publication&quot;:{&quot;id&quot;:1299797,&quot;name&quot;:&quot;EQUALS&quot;,&quot;subdomain&quot;:&quot;equals&quot;,&quot;custom_domain&quot;:&quot;www.equals.ink&quot;,&quot;custom_domain_optional&quot;:false,&quot;hero_text&quot;:&quot;Insights from inequality experts.&quot;,&quot;logo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/d509f8c7-5a64-4db1-8403-288e71794eba_572x572.png&quot;,&quot;author_id&quot;:112306552,&quot;primary_user_id&quot;:112306552,&quot;theme_var_background_pop&quot;:&quot;#9D6FFF&quot;,&quot;created_at&quot;:&quot;2023-01-09T09:22:10.712Z&quot;,&quot;email_from_name&quot;:&quot;EQUALS&quot;,&quot;copyright&quot;:&quot;Equals&quot;,&quot;founding_plan_name&quot;:null,&quot;community_enabled&quot;:true,&quot;invite_only&quot;:false,&quot;payments_state&quot;:&quot;disabled&quot;,&quot;language&quot;:null,&quot;explicit&quot;:false,&quot;homepage_type&quot;:&quot;magaziney&quot;,&quot;is_personal_mode&quot;:false}}],&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null,&quot;status&quot;:{&quot;bestsellerTier&quot;:null,&quot;subscriberTier&quot;:null,&quot;leaderboard&quot;:null,&quot;vip&quot;:false,&quot;badge&quot;:null,&quot;paidPublicationIds&quot;:[],&quot;subscriber&quot;:null}}],&quot;utm_campaign&quot;:null,&quot;belowTheFold&quot;:true,&quot;type&quot;:&quot;podcast&quot;,&quot;language&quot;:&quot;en&quot;,&quot;source&quot;:null}" data-component-name="EmbeddedPostToDOM"><a class="embedded-post" native="true" href="https://www.equals.ink/p/who-pays-when-countries-fall-into?utm_source=substack&amp;utm_campaign=post_embed&amp;utm_medium=web"><div class="embedded-post-header"><img class="embedded-post-publication-logo" src="https://substackcdn.com/image/fetch/$s_!9Xo2!,w_56,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd509f8c7-5a64-4db1-8403-288e71794eba_572x572.png" loading="lazy"><span class="embedded-post-publication-name">EQUALS</span></div><div class="embedded-post-title-wrapper"><div class="embedded-post-title-icon"><svg width="19" height="19" viewBox="0 0 24 24" fill="none" xmlns="http://www.w3.org/2000/svg">
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</svg></div><div class="embedded-post-title">Who Pays When Countries Fall into Debt?</div></div><div class="embedded-post-body">When countries fall into debt, who actually pays the price&#8230;</div><div class="embedded-post-cta-wrapper"><div class="embedded-post-cta-icon"><svg width="32" height="32" viewBox="0 0 24 24" xmlns="http://www.w3.org/2000/svg">
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</svg></div><span class="embedded-post-cta">Listen now</span></div><div class="embedded-post-meta">4 months ago &#183; Equals Bulletin</div></a></div>]]></content:encoded></item><item><title><![CDATA[Adam Smith’s take on Davos]]></title><description><![CDATA[Wherever there is great property, there is great inequality. For one very rich man, there must be at least five hundred poor.]]></description><link>https://www.equals.ink/p/adam-smiths-on-davos</link><guid isPermaLink="false">https://www.equals.ink/p/adam-smiths-on-davos</guid><dc:creator><![CDATA[Max Lawson]]></dc:creator><pubDate>Sat, 07 Feb 2026 07:31:19 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!qnXm!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa1bc1d97-b7bb-4e96-ac5b-bf8e8d5fb2eb_802x802.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>The Scottish economist and philosopher, Adam Smith, is a huge favourite of economists, and especially economists who believe that the best way to deliver progress and prosperity is through the free market. Writing in 1776 at the time of the American, French and industrial revolutions, he most famously said that if people are left at liberty to pursue their own rational self-interest, that this &#8216;invisible hand&#8217; will lead to the best outcomes for society as a whole.</p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.equals.ink/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://www.equals.ink/subscribe?"><span>Subscribe now</span></a></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!qnXm!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa1bc1d97-b7bb-4e96-ac5b-bf8e8d5fb2eb_802x802.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!qnXm!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa1bc1d97-b7bb-4e96-ac5b-bf8e8d5fb2eb_802x802.jpeg 424w, https://substackcdn.com/image/fetch/$s_!qnXm!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa1bc1d97-b7bb-4e96-ac5b-bf8e8d5fb2eb_802x802.jpeg 848w, https://substackcdn.com/image/fetch/$s_!qnXm!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa1bc1d97-b7bb-4e96-ac5b-bf8e8d5fb2eb_802x802.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!qnXm!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa1bc1d97-b7bb-4e96-ac5b-bf8e8d5fb2eb_802x802.jpeg 1456w" sizes="100vw"><img 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srcset="https://substackcdn.com/image/fetch/$s_!qnXm!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa1bc1d97-b7bb-4e96-ac5b-bf8e8d5fb2eb_802x802.jpeg 424w, https://substackcdn.com/image/fetch/$s_!qnXm!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa1bc1d97-b7bb-4e96-ac5b-bf8e8d5fb2eb_802x802.jpeg 848w, https://substackcdn.com/image/fetch/$s_!qnXm!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa1bc1d97-b7bb-4e96-ac5b-bf8e8d5fb2eb_802x802.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!qnXm!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa1bc1d97-b7bb-4e96-ac5b-bf8e8d5fb2eb_802x802.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>The <a href="https://www.adamsmith.org/blog/oxfams-demand-doesnt-even-make-logical-sense">Adam Smith Institute</a>, a right-wing think-tank set up in his honour, is our nemesis every <a href="https://www.adamsmith.org/blog/oxfams-demand-doesnt-even-make-logical-sense">year</a> when we release Oxfam&#8217;s Davos report on inequality. I have been in lots of debates with their representatives over the years, where they question the importance of worrying about inequality, and especially taxation, and instead explain that the answer is simply more free markets.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!XcQN!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9ac4c574-d7d9-4b02-bc4a-b20de262f770_835x238.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!XcQN!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9ac4c574-d7d9-4b02-bc4a-b20de262f770_835x238.png 424w, https://substackcdn.com/image/fetch/$s_!XcQN!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9ac4c574-d7d9-4b02-bc4a-b20de262f770_835x238.png 848w, https://substackcdn.com/image/fetch/$s_!XcQN!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9ac4c574-d7d9-4b02-bc4a-b20de262f770_835x238.png 1272w, https://substackcdn.com/image/fetch/$s_!XcQN!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9ac4c574-d7d9-4b02-bc4a-b20de262f770_835x238.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!XcQN!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9ac4c574-d7d9-4b02-bc4a-b20de262f770_835x238.png" width="835" height="238" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/9ac4c574-d7d9-4b02-bc4a-b20de262f770_835x238.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:238,&quot;width&quot;:835,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:53977,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.equals.ink/i/187173873?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9ac4c574-d7d9-4b02-bc4a-b20de262f770_835x238.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!XcQN!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9ac4c574-d7d9-4b02-bc4a-b20de262f770_835x238.png 424w, https://substackcdn.com/image/fetch/$s_!XcQN!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9ac4c574-d7d9-4b02-bc4a-b20de262f770_835x238.png 848w, https://substackcdn.com/image/fetch/$s_!XcQN!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9ac4c574-d7d9-4b02-bc4a-b20de262f770_835x238.png 1272w, https://substackcdn.com/image/fetch/$s_!XcQN!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9ac4c574-d7d9-4b02-bc4a-b20de262f770_835x238.png 1456w" sizes="100vw"></picture><div></div></div></a></figure></div><p>Interestingly this was not all Adam Smith said though. He is very selectively quoted. Unlike many modern economists who prefer theoretical mathematical models that abstract from reality, Smith was an empiricist, observing not just the UK economy (which at that time was very similar in shape to many countries in the Global South today) but also other countries all over the world. He made use of what concrete data he could get to help support his theories.</p><p><strong>Class warrior Smith</strong></p><p>In doing so, he was one of the first economists to theorise the idea of social classes to help understand the economy, dividing society into workers, landlords and capitalists. He also had a very low opinion of rich people, seeing them either lazy or indolent, living off the rents from their land, or as monopolistic, rapacious capitalists.</p><p>He was the first economist too to introduce the idea that the prosperity of a nation should be measured on how well the working majority are doing, and whether their lives are becoming measurably better, rather than only measuring the opulence of the richest.</p><p>Because of this I actually think he would have liked Oxfam&#8217;s Davos <a href="https://oi-files-d8-prod.s3.eu-west-2.amazonaws.com/s3fs-public/2026-01/EN%20-%20Resisting%20the%20Rule%20of%20the%20Rich_0.pdf">paper</a> this year, <em>Resisting the Rule of the Rich, </em>which is about the dangers of economic power turning into political power, and the suppression of liberty and freedom for the many to protect the wealth of the few. He was deeply concerned about the influence of rich capitalists over politics and government policy, and he felt that if they were allowed to pursue their self-interest in this way this would run contrary to the common interest. That this would in fact be a very visible hand, and would instead lead to increasing monopoly power.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!MndU!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fda36151e-47c2-4e2d-8fd6-5bce39b5f3c8_370x414.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!MndU!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fda36151e-47c2-4e2d-8fd6-5bce39b5f3c8_370x414.png 424w, https://substackcdn.com/image/fetch/$s_!MndU!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fda36151e-47c2-4e2d-8fd6-5bce39b5f3c8_370x414.png 848w, https://substackcdn.com/image/fetch/$s_!MndU!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fda36151e-47c2-4e2d-8fd6-5bce39b5f3c8_370x414.png 1272w, https://substackcdn.com/image/fetch/$s_!MndU!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fda36151e-47c2-4e2d-8fd6-5bce39b5f3c8_370x414.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!MndU!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fda36151e-47c2-4e2d-8fd6-5bce39b5f3c8_370x414.png" width="370" height="414" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/da36151e-47c2-4e2d-8fd6-5bce39b5f3c8_370x414.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:414,&quot;width&quot;:370,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:281548,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.equals.ink/i/187173873?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fda36151e-47c2-4e2d-8fd6-5bce39b5f3c8_370x414.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!MndU!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fda36151e-47c2-4e2d-8fd6-5bce39b5f3c8_370x414.png 424w, https://substackcdn.com/image/fetch/$s_!MndU!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fda36151e-47c2-4e2d-8fd6-5bce39b5f3c8_370x414.png 848w, https://substackcdn.com/image/fetch/$s_!MndU!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fda36151e-47c2-4e2d-8fd6-5bce39b5f3c8_370x414.png 1272w, https://substackcdn.com/image/fetch/$s_!MndU!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fda36151e-47c2-4e2d-8fd6-5bce39b5f3c8_370x414.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption"><em>(I think this year&#8217;s cover was one of our best myself, and I say that having had nothing to do with it at all.)</em></figcaption></figure></div><p><strong>Anti-colonial Smith</strong></p><p>This led him to be very negative about colonialism. He was opposed to the companies like the East India company that used their monopoly power to colonise and oppress other countries and reap huge profits, so he would probably have liked our <a href="https://policy-practice.oxfam.org/resources/takers-not-makers-621668/">Davos paper last year</a> on colonialism too.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!i85_!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9b223035-a176-4876-95b8-48cd70aa2281_564x525.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!i85_!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9b223035-a176-4876-95b8-48cd70aa2281_564x525.png 424w, https://substackcdn.com/image/fetch/$s_!i85_!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9b223035-a176-4876-95b8-48cd70aa2281_564x525.png 848w, https://substackcdn.com/image/fetch/$s_!i85_!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9b223035-a176-4876-95b8-48cd70aa2281_564x525.png 1272w, https://substackcdn.com/image/fetch/$s_!i85_!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9b223035-a176-4876-95b8-48cd70aa2281_564x525.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!i85_!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9b223035-a176-4876-95b8-48cd70aa2281_564x525.png" width="564" height="525" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/9b223035-a176-4876-95b8-48cd70aa2281_564x525.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:525,&quot;width&quot;:564,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:264206,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.equals.ink/i/187173873?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9b223035-a176-4876-95b8-48cd70aa2281_564x525.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!i85_!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9b223035-a176-4876-95b8-48cd70aa2281_564x525.png 424w, https://substackcdn.com/image/fetch/$s_!i85_!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9b223035-a176-4876-95b8-48cd70aa2281_564x525.png 848w, https://substackcdn.com/image/fetch/$s_!i85_!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9b223035-a176-4876-95b8-48cd70aa2281_564x525.png 1272w, https://substackcdn.com/image/fetch/$s_!i85_!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9b223035-a176-4876-95b8-48cd70aa2281_564x525.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption"><em>(Honourable they certainly were not.)</em></figcaption></figure></div><p>He was not a fan of big government either. He felt that governments were a very poor substitute for the free market. Branko Milanovic (whose brilliant book, <em><a href="https://blogs.lse.ac.uk/lsereviewofbooks/2024/05/21/book-review-visions-of-inequality-from-the-french-revolution-to-the-end-of-the-cold-war-branko-milanovic/">Visions of Inequality</a></em> inspired this blog) reckons Smith&#8217;s state would represent about 10% of GDP, whereas modern welfare states are more like 40% of GDP. There we would definitely disagree. I think that modern, accountable welfare states, using progressive taxation to provide universal free healthcare or education, and protecting the young, the old and those who are struggling, are one of the greatest thing humans have ever invented.</p><p>Smith believed that competition was the best way of regulating capitalists, and not government, as government can be captured by the rich and powerful &#8211; something he saw all the time. Politicians can be captured by wealth and money; that is as true today as it was in the 18<sup>th</sup> century. His answer to this though was to keep government as small as possible. The trouble is I think that regulation of the market by a small government is likely to be very weak as they have very limited economic power to face up to rich capitalists. This surely leaves the capitalists free to conspire and form monopolies even more. For me, modern, accountable states that answer to the people and not to organised money are the best way to counterbalance the power of capital; rather than shrinking a state that is captured, we should be capturing it back.</p><p>Anyhow, given the focus of our Davos paper this year on civil and political freedoms and inequality, I began to wonder what kind of a foreword Adam Smith might have written for the paper, and I have assembled the following from his writing:</p><blockquote><p><em>Wherever there is great property, there is great inequality. For one very rich man, there must be at least five hundred poor, and the affluence of the few supposes the indigence of the many.</em></p><p><em>As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed, and demand a rent even for its natural produce. The wood of the forest, the grass of the field, and all the natural fruits of the earth, which, when land was in common, cost the labourer only the trouble of gathering them, come, even to him, to have an additional price fixed upon them. [yes Smith, and not Karl Marx wrote this!]</em></p><p><em>What improves the circumstances of the greater part can never be regarded as an inconveniency to the whole. No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable&#8230; If [justice] is removed, the great, the immense fabric of human society, that fabric which to raise and support seems in this world if I may say so has the peculiar and darling care of Nature, must in a moment crumble into atoms.</em></p><p><em>The mean rapacity [of]&#8230; merchants and manufacturers ... [shows that they] neither are nor ought to be the rulers of mankind. People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices&#8230;The proposal of any new law or regulation of commerce which comes from this order [of people], ought always to be listened to with great precaution, and ought never to be adopted till after having been long and carefully examined, not only with the most scrupulous, but with the most suspicious attention. It comes from an order of men, whose interest is never exactly the same with that of the public, who have generally an interest to deceive and even oppress the public, and who accordingly have, upon many occasions, both deceived and oppressed it.</em></p><p><em>In the courts of princes, in the drawing-rooms of the great, where success depends not upon merit but upon favour, truth is seldom heard. This disposition to admire, and almost to worship, the rich and the powerful&#8230; is the great and most universal cause of the corruption of our moral sentiments. </em>[I can&#8217;t think of a better description of Davos.]</p><p><em>One feels we must all combine to resist the rule of the rich in our society.&#8217;</em></p></blockquote><p>[Ok I wrote the last sentence, but the rest is direct quotes I promise]</p><p><em><strong>ENDS</strong></em></p><div><hr></div><p><strong>Author:</strong> Max Lawson, Head of Inequality Policy at Oxfam International and EQUALS podcast co-host. He is also a visiting Professor in Practice at the LSE International Inequalities Institute and the co-chair of the Global <a href="https://peoplesmedicines.org/">People&#8217;s Medicines Alliance</a>.</p><div><hr></div><p></p>]]></content:encoded></item><item><title><![CDATA[Wanjira Wanjiru on Poverty, Protest, and Building a World That Works for Everyone]]></title><description><![CDATA[We&#8217;re thrilled to republish the foreword by Wanjira Wanjiru, whose voice you may also know from our Resisting the Rule of Repression podcast episode.]]></description><link>https://www.equals.ink/p/wanjira-wanjiru-on-poverty-protest</link><guid isPermaLink="false">https://www.equals.ink/p/wanjira-wanjiru-on-poverty-protest</guid><pubDate>Fri, 06 Feb 2026 11:23:18 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/552b6091-5b43-49ce-8d4b-8fce0df1a3dd_224x225.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><em>We&#8217;re thrilled to republish the foreword by Wanjira Wanjiru, whose voice you may also know from our <a href="https://pod.fo/e/37e564">Resisting the Rule of Repression</a> podcast episode. She writes movingly about how ordinary people&#8212;from Nairobi to Latin America&#8212;are standing up against economic injustice, demanding dignity, and showing that systemic change isn&#8217;t just necessary, it&#8217;s already in motion.</em></p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!H7lY!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F75ae23ca-93aa-4303-aebf-d3d27c78c62e_224x225.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!H7lY!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F75ae23ca-93aa-4303-aebf-d3d27c78c62e_224x225.jpeg 424w, https://substackcdn.com/image/fetch/$s_!H7lY!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F75ae23ca-93aa-4303-aebf-d3d27c78c62e_224x225.jpeg 848w, https://substackcdn.com/image/fetch/$s_!H7lY!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F75ae23ca-93aa-4303-aebf-d3d27c78c62e_224x225.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!H7lY!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F75ae23ca-93aa-4303-aebf-d3d27c78c62e_224x225.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!H7lY!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F75ae23ca-93aa-4303-aebf-d3d27c78c62e_224x225.jpeg" width="452" height="454.01785714285717" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/75ae23ca-93aa-4303-aebf-d3d27c78c62e_224x225.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:225,&quot;width&quot;:224,&quot;resizeWidth&quot;:452,&quot;bytes&quot;:5663,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://www.equals.ink/i/185716644?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F75ae23ca-93aa-4303-aebf-d3d27c78c62e_224x225.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!H7lY!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F75ae23ca-93aa-4303-aebf-d3d27c78c62e_224x225.jpeg 424w, https://substackcdn.com/image/fetch/$s_!H7lY!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F75ae23ca-93aa-4303-aebf-d3d27c78c62e_224x225.jpeg 848w, https://substackcdn.com/image/fetch/$s_!H7lY!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F75ae23ca-93aa-4303-aebf-d3d27c78c62e_224x225.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!H7lY!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F75ae23ca-93aa-4303-aebf-d3d27c78c62e_224x225.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div></div></div></a></figure></div><p>2025 has been a year of resistance: the people versus the powerful. Life has become unbearably difficult for ordinary citizens and now - from Nairobi to Bangladesh, Italy to Peru - workers of the world are downing their tools and demanding better, rejecting a global economic order that treats their suffering as necessary for profit.</p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.equals.ink/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://www.equals.ink/subscribe?"><span>Subscribe now</span></a></p><p>Growing up in Mathare, one of Nairobi&#8217;s biggest slums, I know first-hand the violence of poverty, the preventable loss of lives lived hand to mouth, the indignity of hungry babies one cannot feed, rent one cannot pay, healthcare and education one cannot afford. Poverty is not a natural condition. It is engineered, maintained and ingrained by systems and governments that decide who thrives and who struggles. These are not accidents of fate, but political choices. </p><p>For instance, in Kenya we once had free primary education &#8211; now we do in name only, with a multitude of ways in which parents must actually pay. This retreat from education, health and social protection is not incompetence, it is deliberate austerity imposed on the poor while the wealthy continue to extract with impunity. Ordinary people are heavily taxed despite an already unbearable cost of living. Meanwhile, corporations receive exemptions and political elites shield their wealth. This became fertile ground for the Reject the Finance Bill protests of 2024 and 2025. We marched with fire in our bellies and radical hope in our voices. Hope that the future must be better. We are not asking for anything grandiose, we simply want to live in dignity. The state responded with violence and many lost their lives. We have seen this brutality repeated in Cameroon, Kenya, Madagascar, Nigeria, Peru, and Tanzania. All are reminders of what can happen when the elite feel threatened. </p><p>As the liberation leader Am&#237;lcar Cabral reminded us, people do not fight for abstract ideas. They fight to change their material conditions, to secure their children&#8217;s future, to live better and in peace. Yet today that future feels uncertain. Young people are delaying families because they cannot sustain themselves. Climate change and ecological collapse remind us daily that even the earth is pleading for an end to exploitation. </p><p>Still, I hold a deep belief that there is enough for everybody, enough land, enough water, enough joy, enough love, if we put solidarity, unity and humanity at the core of our politics. There is no scarcity, only hoarding and systems designed to keep abundance in the hands of a few. </p><p>The Gen Z protests have revealed the interconnectedness of all our struggles, from the economic protests of Nairobi to post-election protests in Maputo, from the barrios of Latin America to the townships of South Africa, I learned this as a grassroots activist at the Mathare Social Justice Centre. People&#8217;s struggles are always struggles for dignity and social justice. These must be the priorities of any government that claims to serve its people. A democracy that cannot feed, house, or protect its people is democracy in name only. </p><p>We cannot wish poverty away, it must be systemically eradicated, just as it has been systemically entrenched. This requires courage to confront capitalism, colonial legacies and the political elite. This change is not only necessary, it is inevitable. That world is calling us now, and we must answer.</p><p><em><strong>END.</strong></em></p><div><hr></div><p><strong>Author:</strong> Wanjira Wanjiru, Kenyan grassroots activist who co-founded the Mathare Social Justice Centre and won the Mawina Kouyate Daughters of Africa Award for activism</p><div><hr></div>]]></content:encoded></item><item><title><![CDATA[It’s Time to Invoke Common Sense Against Inequality]]></title><description><![CDATA[By Deepak Xavier]]></description><link>https://www.equals.ink/p/its-time-to-invoke-common-sense-against</link><guid isPermaLink="false">https://www.equals.ink/p/its-time-to-invoke-common-sense-against</guid><pubDate>Wed, 04 Feb 2026 13:32:36 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!9Xo2!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd509f8c7-5a64-4db1-8403-288e71794eba_572x572.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Every January, as the world&#8217;s elite and most powerful gather in Davos, something predictable happens. Leaders lament inequality, make gestures toward cooperation, and assure us that renewal is on the horizon. And every January, Oxfam releases its inequality report &#8211; not to shock the world, but to remind everyone what they already know.</p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.equals.ink/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://www.equals.ink/subscribe?"><span>Subscribe now</span></a></p><p>This year&#8217;s report, <em><strong><a href="https://www.oxfam.org/en/resisting-rule-rich">Resisting the Rule of the Rich</a></strong></em>, once again lays bare something the public has known for a long time: the problem is not lack of information, but the deafening silence that surrounds the obvious.</p><p>Billionaire wealth has grown at three times the pace of the previous five years, reaching $18.3 trillion. Just over 3,000 billionaires own wealth equivalent to six times the combined GDP of Africa &#8211; a continent home to more than 1.5 billion people. At the same time, one in four people globally faces hunger. But the core message of the report is not about billionaires&#8217; wealth or hunger. It&#8217;s about power &#8211; who holds it, how they use it, and what it costs the rest of us.</p><p>Common sense understands power. It always has.</p><p><strong>The Normalisation of Oligarchy</strong></p><p>Most people already know that extreme wealth tilts the playing field. They see how money buys influence, sets political agendas, shapes media narratives, and insulates the richest from accountability. Oxfam&#8217;s report states plainly that billionaire power now actively dismantles progressive policies and erodes civic and political rights &#8211; and that this is happening across the world, not in isolation.</p><p>For years we have been told that questioning concentrated wealth is divisive &#8211; and those who dared to question it were labelled. But common sense knows better: no democracy can function when the rules are shaped by those who can afford to rewrite them, or when those same rules apply differently depending on the size of one&#8217;s purse.</p><p><strong>The Climate of Power</strong></p><p>Resisting the Rule of the Rich also highlights how extreme wealth drives extreme damage &#8211; not just economically or politically, but environmentally. Drawing on Oxfam&#8217;s climate inequality report, <em><strong><a href="https://policy-practice.oxfam.org/resources/climate-plunder-how-a-powerful-few-are-locking-the-world-into-disaster-621741/">Climate Plunder</a></strong></em>, it shows that the richest 0.1% produce more carbon in a single day than the poorest half of humanity emits in an entire year. Meanwhile, ordinary people &#8211; especially those least responsible for the crisis &#8211; have already reduced their emissions, while Europe&#8217;s richest 0.1% have increased theirs.</p><p>This is not a side&#8209;issue. It is part of the same pattern: a global order where excessive wealth buys the right to decide who bears the burden.</p><p><strong>Why Common Sense Matters</strong></p><p>For too long, inequality has been treated as a technical problem &#8211; a matter of tinkering, modelling, and marginal gains. But today&#8217;s inequality is not technical. It is structural &#8211; a system deliberately rigged in favour of the powerful.</p><p>That&#8217;s why I keep returning to common sense.</p><p>Because common sense refuses to be intimidated by complexity. It recognises that hunger in a world of abundance is not a puzzle. That democracy distorted by wealth is not an accident. That a planet destabilised by the lifestyles of the few is not a mystery to decode.</p><p>Common sense tells the truth plainly: A world organised for the rich will never work for the rest of us.</p><p>And perhaps that is why it has been pushed out of the room for so long.</p><p>But the truth is this: people have never stopped holding onto it. And now, they are beginning to say it out loud again &#8211; clearly, calmly, without apology.</p><p><strong>Common Sense Won&#8217;t Stay Silent!</strong></p><p>That, more than any summit or speech, is what gives me hope.</p><div><hr></div><p>Author: Deepak Xavier is the Head of Inequality, Economic &amp; Climate Justice at Oxfam International and Global Convenor, Fight Inequality Alliance.</p>]]></content:encoded></item><item><title><![CDATA[Agnès Callamard on Rising Inequality, Authoritarianism, and the Fight for Human Rights]]></title><description><![CDATA[Her urgent reflections on the twin crises of authoritarianism and wealth concentration&#8212;and why people around the world are already mobilising to defend freedom, dignity, and equality.]]></description><link>https://www.equals.ink/p/agnes-callamard-on-rising-inequality</link><guid isPermaLink="false">https://www.equals.ink/p/agnes-callamard-on-rising-inequality</guid><pubDate>Mon, 02 Feb 2026 11:24:17 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/57a2d8f1-ff20-417f-86a8-01f2af35bca5_270x302.webp" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><em>We&#8217;re glad that Agn&#232;s Callamard has written the foreword to this year&#8217;s <a href="https://www.oxfam.org/en/research/resisting-rule-rich">Davos report</a>. Here we republish her urgent reflections on the twin crises of authoritarianism and wealth concentration&#8212;and why people around the world are already mobilising to defend freedom, dignity, and equality.</em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!qVZu!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9d5a5555-5558-4c79-bc81-7dbd08d5ed11_270x302.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!qVZu!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9d5a5555-5558-4c79-bc81-7dbd08d5ed11_270x302.png 424w, https://substackcdn.com/image/fetch/$s_!qVZu!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9d5a5555-5558-4c79-bc81-7dbd08d5ed11_270x302.png 848w, https://substackcdn.com/image/fetch/$s_!qVZu!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9d5a5555-5558-4c79-bc81-7dbd08d5ed11_270x302.png 1272w, https://substackcdn.com/image/fetch/$s_!qVZu!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9d5a5555-5558-4c79-bc81-7dbd08d5ed11_270x302.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!qVZu!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9d5a5555-5558-4c79-bc81-7dbd08d5ed11_270x302.png" width="520" height="581.6296296296297" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/9d5a5555-5558-4c79-bc81-7dbd08d5ed11_270x302.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:302,&quot;width&quot;:270,&quot;resizeWidth&quot;:520,&quot;bytes&quot;:141577,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://www.equals.ink/i/185715463?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9d5a5555-5558-4c79-bc81-7dbd08d5ed11_270x302.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!qVZu!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9d5a5555-5558-4c79-bc81-7dbd08d5ed11_270x302.png 424w, https://substackcdn.com/image/fetch/$s_!qVZu!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9d5a5555-5558-4c79-bc81-7dbd08d5ed11_270x302.png 848w, https://substackcdn.com/image/fetch/$s_!qVZu!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9d5a5555-5558-4c79-bc81-7dbd08d5ed11_270x302.png 1272w, https://substackcdn.com/image/fetch/$s_!qVZu!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9d5a5555-5558-4c79-bc81-7dbd08d5ed11_270x302.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>The world is not approaching a crucial tipping point: we are in it. </p><p>For many years, Amnesty International has warned of authoritarianism growing across and within countries. Evidence from the last year shows how this process is accelerating, and fast. One year on from the inauguration of President Trump, we have seen around the globe how leadership that prioritises military investment and foreign policy deal-making and rejects human rights protections and multilateral commitments is multiplying, and this has done dangerous damage to the hard-won equality, justice and dignity gains of these past 80 years the world over. </p><p>Equally for many years Oxfam has drawn our attention to the growing inequality emergency, with the relentless rise of the super-rich. As this report shows, this process too has accelerated; over the last year billionaire fortunes have risen three times faster than they have in the five years since 2020. The first trillionaire is on the horizon. Meanwhile one in four people are regularly worried about not having enough food to eat, having to skip meals to get by, and ordinary people&#8217;s lives are becoming impossible to afford. </p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.equals.ink/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://www.equals.ink/subscribe?"><span>Subscribe now</span></a></p><p>Authorities in a broad sweep of countries have employed authoritarian practices and introduced new measures to restrict freedom of expression, association and peaceful assembly. They have used these, and existing laws and regulations, to clamp down on human rights defenders, critics and opponents, or as a way to evade accountability and defend the economically powerful. </p><p>In an all too familiar tale, the brunt of this repression is born by those with the least buffer, with union organisers, environmental defenders, women, racialised, indigenous and LGBTQI+ people around the world being forcibly disappeared, arbitrarily detained or killed for their activism. </p><p>As this report clearly shows, these two deeply concerning trends of growing authoritarianism and rising inequality are not separate problems. They are not distinct dilemmas. They instead deeply entwined, as governments across the world side with the powerful, not the people, and choose repression, not redistribution. </p><p>It is imperative that our hard won-civil and political rights &#8211; freedom of assembly, freedom of expression and freedom to organise &#8211; are protected. Protest is a cornerstone of fair and democratic societies, it is a critical bastion against authoritarianism. It is equally important that the social and economic rights of all are fulfilled; rights essential for living a life with dignity, covering basic needs like food, water, housing, healthcare, education. </p><p>It is view, confirmed by the facts, that central to the realisation of all these human rights must be a rapid reduction in inequality; the gap between the super-rich and the rest of society must be closed, and fast. </p><p>The good news is people around the world are not sitting idly by as billionaires and authoritarians corrode the foundations of our freedoms. Inequality and tax justice advocates are demanding action on inequality, and specifically on the taxation of the super-rich. A UN tax convention is on its way to becoming a reality, led by Africa. From Malaysia to Madagascar, Nepal to France and the US &#8211; people are leading the way with - less a wave - and more a tsunami of global protests confronting the rise of the far-right, calling for a change to corrupt governments, who prioritise profit over people and facilitate the dominantion of the super-wealthy over the lives and liberties of everyday people. </p><p><a href="https://www.oxfam.org/en/research/resisting-rule-rich">Resisting the Rule of the Rich</a> from Oxfam is a fearless and timely reminder of what is at stake, what is already lost and what is left to protect from the insatiable grasping hands of the billionaire class. Oxfam reminds us all that a new and more equal world is possible. It is time to organise, mobilise &#8211; and take it.</p><p><em><strong>END.</strong></em></p><div><hr></div><p><strong>Author</strong>: Agn&#232;s Callamard is the Secretary General of Amnesty International.</p><div><hr></div>]]></content:encoded></item><item><title><![CDATA[How much have billionaires made during Davos this week?]]></title><description><![CDATA[The numbers behind Oxfam&#8217;s new billionaire counter]]></description><link>https://www.equals.ink/p/the-numbers-behind-oxfams-billionaire</link><guid isPermaLink="false">https://www.equals.ink/p/the-numbers-behind-oxfams-billionaire</guid><dc:creator><![CDATA[Alex Maitland]]></dc:creator><pubDate>Mon, 19 Jan 2026 09:23:28 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!jItm!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F00b62b8f-d337-4968-a29c-817242272eb7_1258x826.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Oxfam&#8217;s latest campaign tool, <a href="https://www.oxfam.org/en/oxfam-billionaire-wealth-tracker">a tracker that counts how much billionaires are making every second</a>, and what that money could pay for, launched last night.</p><p>The tool goes alongside <a href="https://www.oxfam.org/en/resisting-rule-rich">Oxfam&#8217;s latests flagship inequality report &#8216;Rule of the Rich&#8217;, </a>which coincides with World Economic Forum in Davos. Under the hood, there&#8217;s some very interesting research that drives the numbers.</p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.equals.ink/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://www.equals.ink/subscribe?"><span>Subscribe now</span></a></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!jItm!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F00b62b8f-d337-4968-a29c-817242272eb7_1258x826.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!jItm!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F00b62b8f-d337-4968-a29c-817242272eb7_1258x826.png 424w, https://substackcdn.com/image/fetch/$s_!jItm!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F00b62b8f-d337-4968-a29c-817242272eb7_1258x826.png 848w, https://substackcdn.com/image/fetch/$s_!jItm!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F00b62b8f-d337-4968-a29c-817242272eb7_1258x826.png 1272w, https://substackcdn.com/image/fetch/$s_!jItm!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F00b62b8f-d337-4968-a29c-817242272eb7_1258x826.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!jItm!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F00b62b8f-d337-4968-a29c-817242272eb7_1258x826.png" width="1258" height="826" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/00b62b8f-d337-4968-a29c-817242272eb7_1258x826.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:826,&quot;width&quot;:1258,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:214969,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://www.equals.ink/i/183924822?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F00b62b8f-d337-4968-a29c-817242272eb7_1258x826.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!jItm!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F00b62b8f-d337-4968-a29c-817242272eb7_1258x826.png 424w, https://substackcdn.com/image/fetch/$s_!jItm!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F00b62b8f-d337-4968-a29c-817242272eb7_1258x826.png 848w, https://substackcdn.com/image/fetch/$s_!jItm!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F00b62b8f-d337-4968-a29c-817242272eb7_1258x826.png 1272w, https://substackcdn.com/image/fetch/$s_!jItm!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F00b62b8f-d337-4968-a29c-817242272eb7_1258x826.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>The purpose of the tool is to put the enormous wealth gain of billionaires into perspective &#8211; it&#8217;s hard to wrap your head around numbers as large as billions or trillions. Over the last year, billionaire wealth increased by $2.5 trillion, or $80k a second, which is what the ticker is based on, rather than pulling data from markets in real-time.</p><p>The ticker isn&#8217;t proposing a specific tax rate (<a href="https://policy-practice.oxfam.org/resources/survival-of-the-richest-how-we-must-tax-the-super-rich-now-to-fight-inequality-621477/">that&#8217;s covered in depth in a different report</a>) or claiming that this wealth gain is available cash (most billionaire wealth is invested in company shares); it is purely one way of communicating obscene levels of wealth inequality.</p><p>At every billion-dollar milestone, the website shows two tiles with what that money could have been spent on. </p><p>The red ones are luxury items. A billion dollars could <a href="https://www.dailymail.co.uk/news/article-13521617/Buckingham-Palace-worth-1billion-King-Charles-sale.html">buy Buckingham Palace</a>. For $25 billion, which billionaire will have made by day 3 of Davos, they could fill 200 Olympic-sized swimming pools with champagne. For $35 billion, what billionaires make in a week, they could buy <a href="https://paristeachersclub.com/facts-about-the-louvre/">all the art in the Louvre.</a></p><p>It goes without saying that these are just indicative, an attempt to put the scale of wealth into perspective. Buckingham Palace and all the art in the Louvre aren&#8217;t for sale, and even billionaires are probably not crazy enough to fill swimming pools with champagne!</p><p>Some of these numbers are based on public estimates; for example, the valuation of NFL teams is <a href="https://www.forbes.com/sites/justinteitelbaum/2025/08/28/the-nfls-most-valuable-teams-2025/">tracked by Forbes</a>, and the cost to build a luxury underwater city is based on<a href="https://www.hauteresidence.com/ocean-spiral-underwater-city-concept-shimizu-corporation/"> a conceptual idea</a>.  Others are more back-of-the-envelope calculations. The cost to make the Statue of Liberty out of gold is based on replacing her copper with gold - no calculations of the structural integrity were made!</p><p>More interesting are the green tiles. These show what the governments of low and lower-middle-income countries could do if they had this extra revenue. The tiles alternate between various Sustainable Development Goal (SDG) related indicators, but it is part of a model that shows what would happen if countries had additional revenue in their entire budgets. The $1 billion tile will show that 140,140 people would have increased access to basic water, but it would also mean:</p><ul><li><p>258,563 additional children in education</p></li><li><p>1,241,472 people with increased access to electricity</p></li><li><p>31,616 additional nurses</p></li><li><p>and 11,855 additional teachers&#8230;amongst the many other things governments spend money on (like infrastructure or defence).</p></li></ul><p>This is just one year of additional government revenue and covers low and lower-middle-income countries only.</p><p>The data is driven by <a href="https://medicine.st-andrews.ac.uk/grade/">The Government Revenue and Development Estimations (GRADE) tool</a>, a research project from the University of St Andrews and the University of Leicester in the UK. The idea of this model is to translate what increasing or decreasing government revenue has on the Sustainable Development Goals.</p><p>The tool is a game-changer for those who want to communicate the impact of increasing or decreasing government revenue. It&#8217;s been used, for example, to model the <a href="https://medicine.st-andrews.ac.uk/grade/debt_briefs/">impact of reducing the debt burden of the poorest countries</a>, the harm caused <a href="https://medicine.st-andrews.ac.uk/grade/tax_pb/">by tax avoidance</a> and the <a href="https://taxjustice.net/2025/07/21/money-cant-buy-health-but-taxes-can-improve-healthcare/">benefits from a fairer tax system</a>. For any campaigner or policymaker involved in fiscal justice and access to public services, it&#8217;s an underutilised tool that&#8217;s easy to use, publicly available and covers nearly every country in the world.</p><p>There are some very interesting features about this model worth highlighting.</p><ol><li><p><strong>It&#8217;s a non-linear econometric model.</strong> This means it is more sophisticated than simply projecting that for every $1 spent, something will happen. Put simply, if revenue increases a small amount, then little happens, but it gets to a point where there&#8217;s very rapid returns, followed by a plateau phase, where it&#8217;s not possible to improve things further (you can&#8217;t get more than 100% of people with access to electricity, for example).</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!UXUY!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F92d2a4b6-2749-44f9-8457-f076ad75b93f_632x284.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!UXUY!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F92d2a4b6-2749-44f9-8457-f076ad75b93f_632x284.png 424w, https://substackcdn.com/image/fetch/$s_!UXUY!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F92d2a4b6-2749-44f9-8457-f076ad75b93f_632x284.png 848w, https://substackcdn.com/image/fetch/$s_!UXUY!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F92d2a4b6-2749-44f9-8457-f076ad75b93f_632x284.png 1272w, https://substackcdn.com/image/fetch/$s_!UXUY!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F92d2a4b6-2749-44f9-8457-f076ad75b93f_632x284.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!UXUY!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F92d2a4b6-2749-44f9-8457-f076ad75b93f_632x284.png" width="632" height="284" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/92d2a4b6-2749-44f9-8457-f076ad75b93f_632x284.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:284,&quot;width&quot;:632,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:27381,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.equals.ink/i/183924822?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F92d2a4b6-2749-44f9-8457-f076ad75b93f_632x284.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!UXUY!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F92d2a4b6-2749-44f9-8457-f076ad75b93f_632x284.png 424w, https://substackcdn.com/image/fetch/$s_!UXUY!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F92d2a4b6-2749-44f9-8457-f076ad75b93f_632x284.png 848w, https://substackcdn.com/image/fetch/$s_!UXUY!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F92d2a4b6-2749-44f9-8457-f076ad75b93f_632x284.png 1272w, https://substackcdn.com/image/fetch/$s_!UXUY!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F92d2a4b6-2749-44f9-8457-f076ad75b93f_632x284.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div></li><li><p><strong>The model takes into account governance.</strong> As Government revenue increases, the quality of governance tends to increase, and so there is less revenue lost to corruption, etc. The model also includes governance indicators that show how increased resources improve governance itself, which in turn improves SDGs, creating a virtuous circle.</p></li><li><p><strong>It shows the trade-offs &#8211; or lack of.</strong> For example, in 2019, <a href="https://missingprofits.world/">Nigeria lost $689 million</a> in corporate tax because of revenue because of profit shifting to the Netherlands. The Netherlands gains from this arrangement but if the Nigerian government had <a href="https://taxjustice.net/2025/03/25/human-rights-impacts-profit-shifting/">additional revenue equivalent</a> to these losses, this would avert around 651 child deaths annually in Nigeria while causing zero additional deaths in the Netherlands. This is because the Netherlands already has extremely high health outcomes; reducing revenue slightly has no measurable effect on this indicator.</p></li><li><p><strong>It&#8217;s realistic and non-prescriptive.</strong> Because it allocates extra revenue to an entire budget, rather than a specific purpose, as would be the case for any new revenue source for a government, it gives a more realistic view. Other expenditures go up beyond SDG-related ones, even military spending, as the model assumes that new resources are spent in the same proportions as historically.</p></li></ol><p>Huge thanks to Dr Bernadette O&#8217;Hare, Dr Stuart Murray and Professor Stephen Hall and the GRADE team for their technical support with the model. Check out the <a href="https://www.st-andrews.ac.uk/~grade/simulations/">GRADE tool here</a> and post any questions you have in the comments below.</p><p></p><p></p><p></p>]]></content:encoded></item><item><title><![CDATA[Standing up to geopolitical bullying]]></title><description><![CDATA[During the fight against apartheid, as a student organiser, Cyril Ramaphosa was imprisoned three times.]]></description><link>https://www.equals.ink/p/standing-up-to-geopolitical-bullying</link><guid isPermaLink="false">https://www.equals.ink/p/standing-up-to-geopolitical-bullying</guid><dc:creator><![CDATA[Max Lawson]]></dc:creator><pubDate>Sat, 13 Dec 2025 06:46:26 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!1gs4!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F43965b57-3100-4252-9722-bda758f6712a_470x347.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>During the fight against apartheid, as a student organiser, Cyril Ramaphosa was imprisoned three times. Aged 22 he was held in solitary confinement for 12 months. I can&#8217;t imagine what solitary confinement for 12 months would feel like, at such a young age, how it would impact you, or how strong you would need to be to cope with this. He was imprisoned again aged 24 for a further six months, and then finally in 1976 following the huge student uprising in Soweto (his birthplace) for another six months.</p><p>He rose to become the head of the National Union of Mineworkers and played a leading role in the fight against Apartheid. During the transition to democracy, he was the close confidant of Mandela and led the negotiations with the white government.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!1gs4!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F43965b57-3100-4252-9722-bda758f6712a_470x347.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!1gs4!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F43965b57-3100-4252-9722-bda758f6712a_470x347.jpeg 424w, https://substackcdn.com/image/fetch/$s_!1gs4!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F43965b57-3100-4252-9722-bda758f6712a_470x347.jpeg 848w, https://substackcdn.com/image/fetch/$s_!1gs4!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F43965b57-3100-4252-9722-bda758f6712a_470x347.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!1gs4!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F43965b57-3100-4252-9722-bda758f6712a_470x347.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!1gs4!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F43965b57-3100-4252-9722-bda758f6712a_470x347.jpeg" width="470" height="347" 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srcset="https://substackcdn.com/image/fetch/$s_!1gs4!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F43965b57-3100-4252-9722-bda758f6712a_470x347.jpeg 424w, https://substackcdn.com/image/fetch/$s_!1gs4!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F43965b57-3100-4252-9722-bda758f6712a_470x347.jpeg 848w, https://substackcdn.com/image/fetch/$s_!1gs4!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F43965b57-3100-4252-9722-bda758f6712a_470x347.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!1gs4!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F43965b57-3100-4252-9722-bda758f6712a_470x347.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption">Ramaphosa negotiating with representatives of the Apartheid government.</figcaption></figure></div><p>He also led the process to develop South Africa&#8217;s new constitution.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!uXPs!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffdf45c57-bc43-4ec6-9951-c00fbe06e8e5_512x296.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!uXPs!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffdf45c57-bc43-4ec6-9951-c00fbe06e8e5_512x296.jpeg 424w, https://substackcdn.com/image/fetch/$s_!uXPs!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffdf45c57-bc43-4ec6-9951-c00fbe06e8e5_512x296.jpeg 848w, https://substackcdn.com/image/fetch/$s_!uXPs!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffdf45c57-bc43-4ec6-9951-c00fbe06e8e5_512x296.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!uXPs!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffdf45c57-bc43-4ec6-9951-c00fbe06e8e5_512x296.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!uXPs!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffdf45c57-bc43-4ec6-9951-c00fbe06e8e5_512x296.jpeg" width="512" height="296" 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srcset="https://substackcdn.com/image/fetch/$s_!uXPs!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffdf45c57-bc43-4ec6-9951-c00fbe06e8e5_512x296.jpeg 424w, https://substackcdn.com/image/fetch/$s_!uXPs!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffdf45c57-bc43-4ec6-9951-c00fbe06e8e5_512x296.jpeg 848w, https://substackcdn.com/image/fetch/$s_!uXPs!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffdf45c57-bc43-4ec6-9951-c00fbe06e8e5_512x296.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!uXPs!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffdf45c57-bc43-4ec6-9951-c00fbe06e8e5_512x296.jpeg 1456w" sizes="100vw"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption">Ramaphosa with Mandela holding a copy of the new constitution</figcaption></figure></div><p>The heroic struggle against the white supremacy of the Apartheid government was a big thing as I was growing up. The pitched battles fought on the township streets between the armoured police and the young people regularly on the nightly news. Joining my parents on anti-Apartheid marches, drinking tea from a &#8216;Free Nelson Mandela&#8217; mug and listening to the fantastic <a href="https://www.youtube.com/watch?v=AgcTvoWjZJU">song</a> of the same name. South Africa was also the first place I lived and worked in Africa, twice in the 1990&#8217;s. It is a truly incredible country, which has a huge place in my heart.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!oaqI!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F263d9332-a9da-4f29-866c-0c5dff7b84cd_487x327.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!oaqI!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F263d9332-a9da-4f29-866c-0c5dff7b84cd_487x327.png 424w, https://substackcdn.com/image/fetch/$s_!oaqI!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F263d9332-a9da-4f29-866c-0c5dff7b84cd_487x327.png 848w, https://substackcdn.com/image/fetch/$s_!oaqI!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F263d9332-a9da-4f29-866c-0c5dff7b84cd_487x327.png 1272w, https://substackcdn.com/image/fetch/$s_!oaqI!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F263d9332-a9da-4f29-866c-0c5dff7b84cd_487x327.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!oaqI!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F263d9332-a9da-4f29-866c-0c5dff7b84cd_487x327.png" width="487" height="327" 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srcset="https://substackcdn.com/image/fetch/$s_!oaqI!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F263d9332-a9da-4f29-866c-0c5dff7b84cd_487x327.png 424w, https://substackcdn.com/image/fetch/$s_!oaqI!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F263d9332-a9da-4f29-866c-0c5dff7b84cd_487x327.png 848w, https://substackcdn.com/image/fetch/$s_!oaqI!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F263d9332-a9da-4f29-866c-0c5dff7b84cd_487x327.png 1272w, https://substackcdn.com/image/fetch/$s_!oaqI!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F263d9332-a9da-4f29-866c-0c5dff7b84cd_487x327.png 1456w" sizes="100vw"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption"><em>(Riot police in the townships, 1980&#8217;s)</em></figcaption></figure></div><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!KErJ!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feaeddb1f-f8ca-49ad-8a5d-856423608003_1517x1019.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" 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src="https://substackcdn.com/image/fetch/$s_!KErJ!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feaeddb1f-f8ca-49ad-8a5d-856423608003_1517x1019.jpeg" width="1456" height="978" 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srcset="https://substackcdn.com/image/fetch/$s_!KErJ!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feaeddb1f-f8ca-49ad-8a5d-856423608003_1517x1019.jpeg 424w, https://substackcdn.com/image/fetch/$s_!KErJ!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feaeddb1f-f8ca-49ad-8a5d-856423608003_1517x1019.jpeg 848w, https://substackcdn.com/image/fetch/$s_!KErJ!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feaeddb1f-f8ca-49ad-8a5d-856423608003_1517x1019.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!KErJ!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feaeddb1f-f8ca-49ad-8a5d-856423608003_1517x1019.jpeg 1456w" sizes="100vw"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption"><em>(Funeral for those killed by the Police. Protesters throughout the 1980s sought to make South Africa &#8216;ungovernable&#8217; with many paying the ultimate price).</em></figcaption></figure></div><p>I think it is so critical we remember this incredible struggle against Apartheid, which was the last of many other successful struggles across the continent for national liberation. Struggles that so many people died for. We should ensure our children know these stories. Sadly, in today&#8217;s world I fear that many young men, if asked who was the most famous South African, would be more likely to name Elon Musk than Nelson Mandela.</p><p><strong>SA and the USA</strong></p><p>The US, under Ronald Reagan, was one of the last countries to end its support for the white minority government in South Africa. The UK, under Mrs Thatcher was one of the others. Theirs was a policy of &#8216;constructive engagement&#8217;. This policy was promoted as an alternative to the economic sanctions and divestment from South Africa that congress, the UN General Assembly and the global anti-apartheid movement were all calling for.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!-Nop!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb48b67e9-c341-4192-a38f-754896cf1aaf_463x315.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!-Nop!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb48b67e9-c341-4192-a38f-754896cf1aaf_463x315.jpeg 424w, https://substackcdn.com/image/fetch/$s_!-Nop!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb48b67e9-c341-4192-a38f-754896cf1aaf_463x315.jpeg 848w, https://substackcdn.com/image/fetch/$s_!-Nop!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb48b67e9-c341-4192-a38f-754896cf1aaf_463x315.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!-Nop!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb48b67e9-c341-4192-a38f-754896cf1aaf_463x315.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!-Nop!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb48b67e9-c341-4192-a38f-754896cf1aaf_463x315.jpeg" width="463" height="315" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/b48b67e9-c341-4192-a38f-754896cf1aaf_463x315.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:315,&quot;width&quot;:463,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:40948,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.equals.ink/i/181452121?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb48b67e9-c341-4192-a38f-754896cf1aaf_463x315.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!-Nop!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb48b67e9-c341-4192-a38f-754896cf1aaf_463x315.jpeg 424w, https://substackcdn.com/image/fetch/$s_!-Nop!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb48b67e9-c341-4192-a38f-754896cf1aaf_463x315.jpeg 848w, https://substackcdn.com/image/fetch/$s_!-Nop!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb48b67e9-c341-4192-a38f-754896cf1aaf_463x315.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!-Nop!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb48b67e9-c341-4192-a38f-754896cf1aaf_463x315.jpeg 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption"><em>(Ronald Reagan in talks with the Apartheid government foreign minister, Pik Botha)</em></figcaption></figure></div><p>Recently the relationship between the USA and SA has been back in the news, with President Donald Trump repeatedly falsely accusing South Africa&#8217;s government of allowing for violence against white farmers and expropriating their land. He has offered asylum to white farmers seeking to flee the country. Trump has given enormous weight to these false allegations and theories, theories which Ramaphosa himself said this week, <a href="https://www.theguardian.com/world/2025/dec/08/white-supremacist-notions-threaten-sovereignty-of-south-africa-ramaphosa">&#8216;conveniently align with wider notions of white supremacy.&#8217;</a></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!UkyW!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9964971f-8678-4d67-9e8d-39381252940c_386x309.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!UkyW!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9964971f-8678-4d67-9e8d-39381252940c_386x309.jpeg 424w, https://substackcdn.com/image/fetch/$s_!UkyW!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9964971f-8678-4d67-9e8d-39381252940c_386x309.jpeg 848w, https://substackcdn.com/image/fetch/$s_!UkyW!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9964971f-8678-4d67-9e8d-39381252940c_386x309.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!UkyW!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9964971f-8678-4d67-9e8d-39381252940c_386x309.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!UkyW!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9964971f-8678-4d67-9e8d-39381252940c_386x309.jpeg" width="386" height="309" 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srcset="https://substackcdn.com/image/fetch/$s_!UkyW!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9964971f-8678-4d67-9e8d-39381252940c_386x309.jpeg 424w, https://substackcdn.com/image/fetch/$s_!UkyW!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9964971f-8678-4d67-9e8d-39381252940c_386x309.jpeg 848w, https://substackcdn.com/image/fetch/$s_!UkyW!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9964971f-8678-4d67-9e8d-39381252940c_386x309.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!UkyW!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9964971f-8678-4d67-9e8d-39381252940c_386x309.jpeg 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption"><em>(Different decade, different presidents, same fireplace.)</em></figcaption></figure></div><p><strong>An unlikely radical</strong></p><p>Despite his role in the struggle, Cyril Ramaphosa is nevertheless a bit of an unlikely radical. For a start he is one of Africa&#8217;s richest men, worth hundreds of millions of dollars. Mandela had wanted him to be his successor, but the ANC decided otherwise, and Thabo Mbeki became president. At that point Ramaphosa left politics and moved into the private sector and made a huge amount of money.</p><p>He has also not really done much as President to challenge the underlying neoliberal economic policies that have been in place in South Africa since the late 1990&#8217;s and have underpinned its extremely high inequality. The National Minimum Wage reform, that he personally pushed for, was mainly done when he was Deputy President, so his actual term as President of the ANC and of the country has been disappointing for those who thought he would use his office to advance a more radical, pro-poor agenda.</p><p>But nevertheless, looking back over the last five years, globally at least he is one of a handful of leaders who are bravely taking on the powerful and fighting for the side of good. It began with his very vocal advocacy around what he described as &#8216;<a href="https://www.economist.com/the-world-ahead/2021/11/08/cyril-ramaphosa-says-the-world-must-end-vaccine-apartheid">vaccine apartheid</a>&#8217;; when South Africa and India fought at the WTO for the right to manufacture generic Covid-19 vaccines. The restriction of vaccines to the rich world to protect pharmaceutical patents and exorbitant monopoly profits cost millions of lives and remains to my mind one of the greatest crimes committed so far in this century. Ramaphosa was firmly on the right side of that battle.</p><p>Then in 2023, South Africa led the world by bringing the case to the International Court of Justice accusing Israel of committing genocide in Gaza. I remember going a march in London around that time and seeing the sudden flood of South African flags flying next to the Palestinian ones and how amazing that was. Mandela famously said, &#8216;We know too well that our freedom is incomplete without the freedom of the Palestinians&#8217; and Ramaphosa&#8217;s government clearly took this to heart in taking this incredibly brave step in support of Palestine.</p><p>Finally, this year with the G20, Ramaphosa has shown both steel and dignity in standing up to geopolitical bullying. Though President Trump refused to attend the G20 &#8211; which was held last month in Johannesburg, chaired by South Africa, and the first G20 in Africa&#8211; the U.S. publicly warned South Africa not to agree a communique at the meeting. In the run up to the summit, many diplomats in the G7 were saying the likelihood of a communique was very low, that South Africa should make do with a &#8216;chair&#8217;s statement&#8217; as has happened at the G7.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!Hv_k!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fea34e231-614d-4984-86b9-97f17cde6922_769x496.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!Hv_k!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fea34e231-614d-4984-86b9-97f17cde6922_769x496.png 424w, https://substackcdn.com/image/fetch/$s_!Hv_k!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fea34e231-614d-4984-86b9-97f17cde6922_769x496.png 848w, https://substackcdn.com/image/fetch/$s_!Hv_k!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fea34e231-614d-4984-86b9-97f17cde6922_769x496.png 1272w, https://substackcdn.com/image/fetch/$s_!Hv_k!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fea34e231-614d-4984-86b9-97f17cde6922_769x496.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!Hv_k!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fea34e231-614d-4984-86b9-97f17cde6922_769x496.png" width="769" height="496" 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srcset="https://substackcdn.com/image/fetch/$s_!Hv_k!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fea34e231-614d-4984-86b9-97f17cde6922_769x496.png 424w, https://substackcdn.com/image/fetch/$s_!Hv_k!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fea34e231-614d-4984-86b9-97f17cde6922_769x496.png 848w, https://substackcdn.com/image/fetch/$s_!Hv_k!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fea34e231-614d-4984-86b9-97f17cde6922_769x496.png 1272w, https://substackcdn.com/image/fetch/$s_!Hv_k!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fea34e231-614d-4984-86b9-97f17cde6922_769x496.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption"><em>(I was the only Trump who turned up in South Africa)</em></figcaption></figure></div><p>But the South Africans stood firm, and a communique was agreed. Whilst the communique was watered down in key respects as other nations like Argentina &#8211; an ally of the Trump administration &#8211; lobbied hard within the negotiations, it was nevertheless a major achievement that it was agreed at all. At the summit itself Ramaphosa showed his experience as a canny negotiator by declaring the declaration agreed and passed in the first session of the summit, before any others had time to block it. As we said in our reaction, &#8216;South Africa has set an example to the world in ensuring the G20 stood firm and collectively agreed on a leader&#8217;s declaration &#8211; defending multilateralism &#8211; despite U.S. strong-arming.&#8217;</p><p>Not only this, but Ramaphosa also personally chose to commission, as part of his G20 presidency, the first ever <a href="https://www.gov.za/sites/default/files/gcis_document/202511/g20-global-inequality-report-full-and-summary.pdf">report to the G20</a> on the global inequality crisis, written by the Extraordinary Committee chaired by Joseph Stiglitz. They also came out fully in support of the main recommendation of the committee, the establishment of an <em>International Panel on Inequality</em>, a kind of &#8216;Inequality IPCC&#8217;, and rallied the <a href="https://archive.ph/M6C9L">leaders of Brazil and Spain</a> to support them in this. If this panel is actually formed in 2026, and I really hope it is, it will be a tremendous legacy of the South African G20.</p><p><strong>No invite to Miami</strong></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!ehNH!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd6783d0f-bef4-4c8e-8d55-3d10798c3507_463x580.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!ehNH!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd6783d0f-bef4-4c8e-8d55-3d10798c3507_463x580.jpeg 424w, https://substackcdn.com/image/fetch/$s_!ehNH!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd6783d0f-bef4-4c8e-8d55-3d10798c3507_463x580.jpeg 848w, https://substackcdn.com/image/fetch/$s_!ehNH!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd6783d0f-bef4-4c8e-8d55-3d10798c3507_463x580.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!ehNH!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd6783d0f-bef4-4c8e-8d55-3d10798c3507_463x580.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!ehNH!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd6783d0f-bef4-4c8e-8d55-3d10798c3507_463x580.jpeg" width="463" height="580" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/d6783d0f-bef4-4c8e-8d55-3d10798c3507_463x580.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:580,&quot;width&quot;:463,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:54544,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.equals.ink/i/181452121?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd6783d0f-bef4-4c8e-8d55-3d10798c3507_463x580.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!ehNH!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd6783d0f-bef4-4c8e-8d55-3d10798c3507_463x580.jpeg 424w, https://substackcdn.com/image/fetch/$s_!ehNH!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd6783d0f-bef4-4c8e-8d55-3d10798c3507_463x580.jpeg 848w, https://substackcdn.com/image/fetch/$s_!ehNH!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd6783d0f-bef4-4c8e-8d55-3d10798c3507_463x580.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!ehNH!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd6783d0f-bef4-4c8e-8d55-3d10798c3507_463x580.jpeg 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption"><em>(A tale of two summits- the logos do rather sum up their different approaches.)</em></figcaption></figure></div><p>The G20 presidency rotates, and now has passed to the USA, who were quick to say that South Africa is not invited. Last week there was an extraordinary exchange on substack between the US Secretary of <a href="https://statedept.substack.com/p/america-welcomes-a-new-g20">State Marco Rubio</a> and South African <a href="https://dirco.gov.za/a-response-to-secretary-rubios-substack-post/">Foreign Minister Lamola</a>, which will be something captured in the history books. Lamola&#8217;s final words are worth quoting in full:</p><p><em>&#8216;Secretary Rubio, the world is watching. It is growing weary of double standards. It is tired of lectures on democracy from those who seem to have forgotten that democracy, at its best, must listen as much as it speaks.</em></p><p><em>We do not seek your approval for our path. Our path is our own, chosen by our people and guided by our sovereign laws. But we do seek, and we will always extend, a hand of respectful partnership.</em></p><p><em>We believe in a world where nations can disagree yet still find common ground for the sake of a child&#8217;s health, a community&#8217;s stability, and our planet&#8217;s future. That is the world Madiba fought for. That is the world we, in South Africa, are still building every single day.&#8217;</em></p><p>This is what standing up to geopolitical bullying looks like. It now remains to be seen whether the other nations of the G20, and especially the G7, will stand with South Africa, and demand their inclusion at the G20. I suspect many of them will not fail to disappoint, but I do hope that some at least take heart from the bravery of the government of Cyril Ramaphosa.</p><p><em><strong>ENDS.</strong></em></p><div><hr></div><p><strong>Author:</strong> Max Lawson, Head of Inequality Policy at Oxfam International and EQUALS podcast co-host. He is also a visiting Professor in Practice at the LSE International Inequalities Institute and the co-chair of the Global <a href="https://peoplesmedicines.org/">People&#8217;s Medicines Alliance</a>.</p>]]></content:encoded></item><item><title><![CDATA[Two Summits, Two Futures: Reflections from Joburg]]></title><description><![CDATA[During the week of 17th &#8211; 22nd November, Johannesburg became the epicentre of two contrasting visions for our future &#8212; one that seeks to tinker and preserve a broken system, and another that dares to build a new system to replace it.]]></description><link>https://www.equals.ink/p/two-summits-two-futures</link><guid isPermaLink="false">https://www.equals.ink/p/two-summits-two-futures</guid><dc:creator><![CDATA[Equals Bulletin]]></dc:creator><pubDate>Thu, 11 Dec 2025 13:17:48 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!f3Pc!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F583ebe95-9e88-46b0-a964-6f16063952b4_1080x607.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>During the week of 17th &#8211; 22nd November, Johannesburg became the epicentre of two contrasting visions for our future &#8212; one that seeks to tinker and preserve a broken system, and another that dares to build a new system to replace it. </p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!f3Pc!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F583ebe95-9e88-46b0-a964-6f16063952b4_1080x607.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!f3Pc!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F583ebe95-9e88-46b0-a964-6f16063952b4_1080x607.png 424w, https://substackcdn.com/image/fetch/$s_!f3Pc!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F583ebe95-9e88-46b0-a964-6f16063952b4_1080x607.png 848w, https://substackcdn.com/image/fetch/$s_!f3Pc!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F583ebe95-9e88-46b0-a964-6f16063952b4_1080x607.png 1272w, https://substackcdn.com/image/fetch/$s_!f3Pc!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F583ebe95-9e88-46b0-a964-6f16063952b4_1080x607.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!f3Pc!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F583ebe95-9e88-46b0-a964-6f16063952b4_1080x607.png" width="1080" height="607" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/583ebe95-9e88-46b0-a964-6f16063952b4_1080x607.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:607,&quot;width&quot;:1080,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:1183338,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://www.equals.ink/i/181222144?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F583ebe95-9e88-46b0-a964-6f16063952b4_1080x607.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!f3Pc!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F583ebe95-9e88-46b0-a964-6f16063952b4_1080x607.png 424w, https://substackcdn.com/image/fetch/$s_!f3Pc!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F583ebe95-9e88-46b0-a964-6f16063952b4_1080x607.png 848w, https://substackcdn.com/image/fetch/$s_!f3Pc!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F583ebe95-9e88-46b0-a964-6f16063952b4_1080x607.png 1272w, https://substackcdn.com/image/fetch/$s_!f3Pc!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F583ebe95-9e88-46b0-a964-6f16063952b4_1080x607.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption">Mural by Johannesburg artist Jakes Mbele | Photo: Fight Inequality Alliance</figcaption></figure></div><p>I joined comrades from across the world in two connected spaces of resistance and hope, building a future for the 99%, even as G20 leaders met just 10 kms away in a high-security bubble, cut off from the realities we were confronting:</p><ul><li><p><strong><a href="https://www.fightinequality.org/we-the-99/global-assembly">Global Assembly of the Fight Inequality Alliance</a></strong></p></li><li><p><strong><a href="https://wetheninetynine.com/">The People&#8217;s Summit</a></strong></p></li></ul><p>Both gatherings were rooted in one truth: the crises we face &#8212; inequality, debt, climate chaos, patriarchy &#8212; are systemic. And so must be our response: <strong>bold, collective, and rooted in justice</strong>.</p><p><strong>The G20 vs. The People</strong></p><p>The G20 leaders issued a declaration that promised incremental reforms within the same broken system. In contrast, the People&#8217;s Summit unfolded with a radically different vision. It brought together voices from the 99% to imagine a future built on justice and solidarity, not profit and exploitation.</p><p>Participants spoke passionately about the urgent need to put life before profit and dismantle structures that perpetuate inequality and ecological destruction. They called for bold transformations, including:</p><ul><li><p><strong>Building a new global architecture</strong> beyond neoliberal and neocolonial control.</p></li><li><p><strong>Taxing the super-rich</strong> and multinationals and ending tax havens.</p></li><li><p><strong>Debt justice</strong> &#8212; exposing and cancelling illegitimate debts that rob nations of sovereignty.</p></li><li><p><strong>Climate justice</strong> &#8212; making rich polluters pay and rejecting false &#8216;green&#8217; solutions.</p></li><li><p><strong>Valuing care work</strong>, defending cultural rights, and protecting civic space.</p></li><li><p><strong>Ending all forms of occupation and genocide</strong>, and upholding the right of peoples to land, life, and liberation.</p></li></ul><p>This is not just a list of demands &#8212; it&#8217;s <strong>a vision for a world where economies serve people and planet</strong>, not markets rigged for the 1%.</p><p><strong>Why This Matters</strong></p><p>The G20 continues to turn to the same elites who created the inequality crisis for solutions. But the answers lie with the Global Majority &#8212; the 99% who have endured inequality and survived against all odds. From Chiapas to Karachi, Nairobi to Soweto, Manila to Bel&#233;m, the 99% are rising to reclaim our economies, our lands, and our futures.</p><p><strong>Final Thoughts</strong></p><p>Joburg reminded me that another world is not only possible &#8212; it is already being born. The question is: <strong>will we join the fight to make it real? What about you?</strong></p><p><strong>Join the movement</strong>: <strong><a href="https://www.fightinequality.org/jointhemovement">https://www.fightinequality.org/jointhemovement</a></strong></p><p><em><strong>END.</strong></em></p><div><hr></div><p>Deepak is the Head of Inequality, Economic and Climate Justice at Oxfam International. He is also a also a co-founder and <strong>Global </strong>Convenor of the Fight Inequality Alliance.</p><p>Check out<a href="https://inequality.org/article/g20-peoples-summit/"> this powerful op-ed</a> by Deepak and Jenny Ricks arguing that while the world&#8217;s most powerful meet behind closed doors, a &#8220;People&#8217;s Summit&#8221; in Johannesburg brings forward real solutions from the 99%.</p><p>This article was first published <a href="https://www.linkedin.com/pulse/two-summits-futures-reflections-from-joburg-deepak-l-xavier-vtkbf/">on LinkedIn</a>.</p><p>Catch our latest Bulletin: a deep dive into the G20 outcomes and a spotlight on  <a href="https://oi-files-cng-v2-prod.s3.eu-west-2.amazonaws.com/kenya.oxfam.org/s3fs-public/Kenya%20Inequality%20Report.pdf?VersionId=8zbGm1Hou_p4KeWjpF1m43yRZgVcV1Xl">Oxfam report on Kenya&#8217;s inequality crisis.</a> exposing Kenya&#8217;s growing inequality crisis.</p><div><hr></div><p></p>]]></content:encoded></item><item><title><![CDATA[Over 600 economists and inequality experts from seventy countries support call for new ‘IPCC for inequality’]]></title><description><![CDATA[World&#8217;s leading economists and experts on inequality from seventy countries are urging world leaders to establish an International Panel on Inequality.]]></description><link>https://www.equals.ink/p/500-economists-and-inequality-experts</link><guid isPermaLink="false">https://www.equals.ink/p/500-economists-and-inequality-experts</guid><pubDate>Thu, 13 Nov 2025 21:02:34 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/e4f5a773-4ab9-45c8-8a4c-abb551bf9f9a_236x213.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<ul><li><p><em><strong>Former finance ministers, World Bank and IMF chief economists, Former US Treasury Secretary Janet Yellen, and 2024 Nobel Economics Laureate Daron Acemoglu, join Thomas Piketty, Gabriel Zucman, Ha-Joon Chang, Kate Pickett, Kate Raworth, Isabella Weber, and hundreds of leading thinkers in urging a new global institution to tackle inequality.</strong></em></p></li><li><p><em><strong>Open letter follows recommendation of the G20&#8217;s first-ever report on global inequality, led by Nobel Economics Laureate Professor Joseph Stiglitz.</strong></em></p></li></ul><p>Hundreds of the world&#8217;s leading economists and other experts on inequality from seventy countries are urging world leaders to establish an International Panel on Inequality (IPI) inspired by the Intergovernmental Panel on Climate Change (IPCC). The IPI is the central recommendation of the G20&#8217;s first ever report on global inequality, which will be presented to leaders at next week&#8217;s G20 Leaders Summit in Johannesburg. </p><p>Commissioned by President Ramaphosa as part of South Africa&#8217;s G20 Presidency &#8211; and chaired by Joseph Stiglitz, Nobel Economics Laureate and former Chief Economist of the World Bank &#8211; the G20 Extraordinary Committee of Independent Experts on Inequality warns leaders of an &#8220;inequality emergency&#8221; and calls for a new international body to inform governments, Fpolicymakers, and the international community.</p><p>Now, in an open letter to world leaders, renowned scholars including 2024 Nobel Economics Laureate Daron Acemoglu, Thomas Piketty, Gabriel Zucman, Kate Pickett, Richard Wilkinson, Ha-Joon Chang, Isabella Weber, Jason Hickel, Nora Lustig, and Seye Abimbola are urging the creation of an IPI. They join senior global economic leaders, including former US Treasury Secretary and Chair of the Federal Reserve Janet Yellen, three former Chief Economists and two Deputy Chief Economists of the World Bank, several of the Bank&#8217;s other former senior leaders, and former senior leadership from the IMF, Asian Development Bank, Inter-American Development Bank.</p><p>Three UN Special Rapporteurs on extreme poverty and human rights have backed the IPI &#8211; including current mandate holder Olivier De Schutter &#8211; alongside a former UN Under Secretary General for Economic &amp; Social Affairs; and former senior leadership from the IMF, OECD, ILO, UNICEF, UNDP, UNU-WIDER, and the US Joint Economic Committee. Several former government ministers &#8211; Martin Guzm&#225;n, former Economy Minister of Argentina; Jos&#233; Antonio Ocampo, former Finance Minister of Colombia; and Clare Short, former UK Secretary of State for International Development &#8211; have also joined.</p><p>In their letter, the experts say they are &#8221;profoundly concerned&#8221; that &#8220;extreme concentrations of wealth translate into undemocratic concentrations of power, unravelling trust in our societies and polarising our politics.&#8221; They warn that &#8220;economic inequality is an engine that drives rapid climate change and ensures its negative impacts are disproportionately felt by the poorest and most vulnerable people.&#8221;</p><p>&#8220;Inequality is not inevitable; it is a policy choice,&#8221; they say. &#8220;Clear and proven steps can be taken to reduce it and build more equal societies and economies, which are the fundamental foundation stone of a successful future for us all.&#8221; They remind leaders that a better understanding of inequality and its drivers is &#8220;in the interests of policy makers from across the political spectrum.&#8221;</p><p>The experts represent a broad range of disciplines, including economists, political scientists, climate scientists, sociologists, epidemiologists, anthropologists, historians, geographers, philosophers, which they say highlights that &#8220;high levels of economic inequality have a negative impact on every aspect of human life and progress, including our economies, our democracies and the very survival of the planet.&#8221;</p><p><strong>Thomas Piketty, Professor at EHESS and at the Paris School of Economics; Co-director, World Inequality Lab &amp; World Inequality Database, and author of Capital in the Twenty-First Century, said:</strong></p><p><em>&#8220;We are at a dangerous moment in human history. Rampant inequality is dividing nations and communities, threatening our social fabric, human rights, and the very essence of democracy. A global effort to tackle inequality is needed &#8211; and rigorous analysis of its causes, drivers, and solutions is the first step. Governments need to live up to the G20 Summit&#8217;s promise of &#8216;solidarity, equality, sustainability&#8217; and urgently establish an International Panel on Inequality.&#8221;</em></p><p><strong>Kate Pickett, Professor of Epidemiology at the University of York, co-founder of The Equality Trust, and co-author of The Spirit Level, said:</strong></p><p><em>&#8216;We know inequality undermines every measure of a good society. Decades of research have shown inequality is linked to a host of social ills including lower life expectancy, higher infant mortality, worse educational attainment, increased mental illness and stress, higher crime rates and imprisonment, and lower social trust. If we want safe, cohesive, societies where everyone stands a fair chance, governments need take tackling inequality seriously &#8211; and an IPCC-style body for inequality is the essential first step.&#8221;</em></p><p><strong>Ha-Joon Chang, Research Professor at the Department of Economics of SOAS University of London Co-Director of the Centre for Sustainable Structural Transformation, and author of Kicking Away the Ladder, said:</strong></p><p><em>&#8216;High inequality is the result of decades of a failed economics that has primarily benefited the richest in our societies. Not only is there a lot of evidence showing that higher inequality produces more negative economic and social outcomes, there are quite a few examples of more egalitarian societies growing much faster than comparable but more unequal societies.&#8217;</em></p><p>The report of the G20 Extraordinary Committee of Independent Experts on Inequality revealed that the richest 1% captured 41% of new wealth since the year 2000, while the bottom 50% of humanity have increased their wealth by just 1%. This means that the richest 1% have seen their average wealth rise by US$1.3m, while the bottom 50% have seen their wealth rise by just US$585 over the same period, in constant 2024 dollars.</p><p>83% of all countries, accounting for 90% of the world&#8217;s population, meet the World Bank&#8217;s definition of high inequality. Countries with high inequality are seven times more likely to experience democratic decline than more equal countries.</p><p><strong>/END</strong></p><div><hr></div><p><strong>Notes for editors</strong></p><p>The letter is <a href="https://www.equals.ink/p/sign-on-letter-in-support-of-a-new">available here</a>.</p><p>The G20 Extraordinary Committee of Independent Experts on Inequality presented their report to President Ramaphosa in Cape Town last week. They will present their findings at the G20 Leaders Summit on 22/23 November.</p><p>Extraordinary Committee report: <a href="https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fg20.org%2Fwp-content%2Fuploads%2F2025%2F11%2F2-G20-Global-Inequality-Report-Full-and-Summary.pdf&amp;data=05%7C02%7C%7Cb8c3f53d0fb1479387e008de22cf57d0%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C638986471142381624%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=p4On2ddFBC0Mix47ctY064haNbZtutdeC6Z0LwnSRM8%3D&amp;reserved=0">https://g20.org/wp-content/uploads/2025/11/2-G20-Global-Inequality-Report-Full-and-Summary.pdf</a></p><p>Extraordinary Committee press release: <a href="https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fg20.org%2Fg20-media%2Flandmark-g20-report-led-by-nobel-laureate-joseph-stiglitz-sounds-alarm-on-inequality-emergency-and-calls-for-international-panel-on-inequality%2F&amp;data=05%7C02%7C%7Cb8c3f53d0fb1479387e008de22cf57d0%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C638986471142416251%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=%2BoJJ37CKB3GM7HpuyVN%2FLUxMypeQpiUGmEZnSG4xIR4%3D&amp;reserved=0">https://g20.org/g20-media/landmark-g20-report-led-by-nobel-laureate-joseph-stiglitz-sounds-alarm-on-inequality-emergency-and-calls-for-international-panel-on-inequality/</a></p>]]></content:encoded></item><item><title><![CDATA[Economists and inequality experts support call for new International Panel on Inequality]]></title><description><![CDATA[World&#8217;s leading economists and other experts on inequality from seventy countries are urging world leaders to establish an International Panel on Inequality (IPI]]></description><link>https://www.equals.ink/p/sign-on-letter-in-support-of-a-new</link><guid isPermaLink="false">https://www.equals.ink/p/sign-on-letter-in-support-of-a-new</guid><pubDate>Thu, 13 Nov 2025 19:50:33 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/f2a00cd4-18c8-4611-a8cf-1b29fd990fac_1270x847.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><strong>Dear World Leaders,</strong></p><p>We write to you as more than 600 economists and inequality experts from over 70 countries, to call on you to support the establishment of a permanent International Panel on Inequality to address the global inequality emergency, as recommended by the Extraordinary Committee on Inequality report to the G20, led by Professor Joseph Stiglitz.</p><p>We are experts from a broad range of disciplines, including economists, political scientists, climate scientists, sociologists, epidemiologists, anthropologists, historians, geographers, philosophers. Our diversity reflects a key fact: high levels of economic inequality have a negative impact on every aspect of human life and progress, including our economies, our democracies and the very survival of the planet.</p><p>We support the view of the Stiglitz G20 Committee that the world faces an inequality emergency. We are profoundly concerned, as they are, that extreme concentrations of wealth translate into undemocratic concentrations of power, unravelling trust in our societies and polarising our politics.</p><p>We agree that economic inequality is an engine that drives rapid climate change and ensures its negative impacts are disproportionately felt by the poorest and most vulnerable people.</p><p>Just as the Intergovernmental Panel on Climate Change has played a vital role in providing neutral, science-based and objective assessments of climate change, a new International Panel on Inequality would do the same for the inequality emergency. This non-partisan and independent panel of experts on inequality would bring together the most up-to-date work of economists, scientists and other inequality experts from around the world, just as the IPCC does. It would provide policymakers the best, most objective assessments on the scale of inequality, its causes and consequences, and consider potential solutions. It would provide such assessments in international and national contexts, including to inform deliberations at the G20 and the United Nations.</p><p>We believe this is in the interests of policy makers from across the political spectrum, who see the importance of this issue and the need to base responses to it on data and evidence and sound analysis. The Panel&#8217;s analysis would also benefit the private sector, journalists, academia and civil society. We know that scholars and experts across the world would readily contribute their time voluntarily &#8211; as thousands do for the IPCC &#8211; in support of such a necessary and vital international initiative. We are ready to assist in this process.</p><p>Inequality is not inevitable; it is a policy choice. Clear and proven steps can be taken to reduce it and build more equal societies and economies, which are the fundamental foundation stone of a successful future for us all. We urge you to support the establishment of the International Panel on Inequality as a vital first step in building this more equal and inclusive world.</p><div><hr></div><p><strong>Signed</strong></p><ul><li><p>Khaoua Nadji, Pr., PHD (Doctorat d&#8217;Etat, 2007)., Independent researcher (retired from University UBMAnnaba), Algeria</p></li><li><p>Alejandro Pelfini, PhD in Sociology - Political Sociology, Globalization and Elites, Universidad del Salvador, Faculty of Social Sciences, Education and Communication, Director for Posgraduate Studies (1st affiliation); FLACSO-Argentina, Associated Researcher, Global Studies Programme (nd affiliation)d, Argentina</p></li><li><p>Mariana Heredia, Sociologist, Senior researcher at Consejo Nacional de Investigaciones Cient&#237;ficas y T&#233;cnicas (CONICET) and professor at the University of San Martin (UNSAM), Argentina</p></li><li><p>Mercedes D&#8217;Alessandro, Ph.D. in Economics (University of Buenos Aires, Argentina).</p></li><li><p>Expert in inequality and development, and feminist economics., Advisor, Ministry of Environment of the Province of Buenos Aires; Consultant for international organizations, Argentina</p></li><li><p>Leonardo Ernesto Stanley, Economist, Center for the Study of the State and Society (CEDES), Argentina</p></li><li><p>Daniel Kostzer, Labour Economist, Chief Economist at ITUC-CSI, Argentina</p></li><li><p>Corina Rodriguez Enriquez, Economist. Phd on Social Sciences., Development Alternatives with Women for a New Era (DAWN), Argentina</p></li><li><p>Gwilym David Blunt, PhD in political science, University of Sydney, Australia</p></li><li><p>Jonathan Green, PhD (Education). Expertise in higher education (policy, widening participation), Associate Professor (Pathways) at University of Southern Queensland, Australia</p></li><li><p>Katherine Trebeck, PhD, Writer at Large at the University of Edinburgh and Distinguished Visitor at ANU, Australia</p></li><li><p>Chris Roche, Professor International Development, MPhil, Emeritus Professor La Trobe University, Australia</p></li><li><p>Emily Porter, Master of Economics</p></li><li><p>PhD in Social Policy, Senior Research Officer, Brotherhood of St. Laurence, Australia</p></li><li><p>Anat Cassuto, International Relations and International Security, International Women&#8217;s Development Agency, Australia</p></li><li><p>Ben Spies-Butcher, PhD, Economics, Macquarie University, Australia</p></li><li><p>Greg Ogle, PhD in Political Economy, University of Adelaide. Expertise in economic statistics and measurement, Senior Policy Analyst, South Australian Council of Social Service (NFP peak body), Australia</p></li><li><p>Janet Hunt, PhD Social Science and International Relations, Honorary Associate Professor at the Australian National University, Australia</p></li><li><p>Aidan Craney, PhD (Anthropology), La Trobe University, Australia</p></li><li><p>Vanessa Little, Master of International and Community Development, N/A, Australia</p></li><li><p>Professor Carl Rhodes, Doctor of Education and Doctor of Letters</p></li><li><p>Business ethics, business and society, University of Technology Sydney, Australia</p></li><li><p>Catherine Caton, Bachelor of International Development - La Trobe University, Australia</p></li><li><p>Master of International Development - La Trobe University, Australia</p></li><li><p>Master of Global Media Communications - University of Melbourne, Australia</p></li><li><p>Field(s) of expertise: international aid and development, gender equality and social inclusion, Partnerships and Program Manager at an international child rights organisation, Australia</p></li><li><p>Zachary William Fletcher, Master of Public Policy with a focus on international studies, foreign policy and international development., Royal Melbourne Institute of Technology. Current role: Philanthropy Advisor at Plan International Australia., Australia</p></li><li><p>Ashleigh Dodd, Master of International Relations, Digital and Social Communications Officer at Plan International Australia, Australia</p></li><li><p>Roger Wilkins, PhD, applied economics, The University of Melbourne, Australia</p></li><li><p>Associate Professor Dr Kathryn James, PhD (taxation law) - expert on tax justice and inequality, University of Melbourne Law School, Australia</p></li><li><p>Christopher Hoy, PhD in Economics, University of Melbourne / World Bank, Australia</p></li><li><p>Adeeba Hanif, Master of Development Studies, Oxfam Australia, Partnership and Grants Lead, Australia</p></li><li><p>Professor Beth Goldblatt, PhD in Law, University of Technology Sydney, Professor of Law, Australia</p></li><li><p>Natalie Oostergo, Masters of Education, University of Southern Queensland, Associate Director Student Success, Australia</p></li><li><p>Seye Abimbola, PhD - health systems and global health, Associate Professor, University of Sydney, Australia</p></li><li><p>Elizabeth Cox, Master of Development Studies, Australia/Papua New Guinea</p></li><li><p>Anca Gheaus, PhD in philosophy, Central European University, Austria</p></li><li><p>Andres Moles, PhD, Political Philosophy, Central European University, Associate Professor, Austria</p></li><li><p>Franziska Disslbacher, Graduate Qualification: PhD in Economics and Social Sciences</p></li><li><p>Fields: Wealth Inequality, Wealth and Inheritance Taxation, Intergenerational Mobility, Assistant Professor, Research Institute Economics of Inequality, Vienna University of Economics and Business; Visiting Research Fellow, International Inequalities Institute (London School of Economics); Research Fellow, World Inequality Lab; Associated Researcher, Stone Center on Socio-Economic Inequality at CUNY (GC Wealth Project), Austria</p></li><li><p>Karin Heitzmann, Associate Prof.; socioeconimcss, social policy &amp; inequality, WU Vienna University of Economics and Business / Research Institute Economics of Inequality, Austria</p></li><li><p>Harunmaleeha, Yes, Innoel Renewable Energy, Bangladesh</p></li><li><p>S M Humayun Kabir, Canadian Commonwealth Scholar, MPA (Carleton University), Inequality and Human Rights, Public Policy, Issues of Development and Underdevelopment, Local Government, PPP, South Asia, EU, South America, Associate Professor, Department of Development Studies, Dhaka University, Bangladesh but like to visit EU countries/ South American countries</p></li><li><p>Olivier De Schutter, Professor, Human Rights Law, Catholic University of Louvain and Sciences Po / United Nations Special Rapporteur on extreme poverty and human rights, Belgium</p></li><li><p>Francine Mestrum, Dr in social sciences - research on development, poverty, social policies, Belgium</p></li><li><p>Erik Van Mele, Agricultural Engineer - International cooperation, Thematic Advisor Oxfam Belgium, Belgium</p></li><li><p>Martin Francois, Inequality, post-growth, income and wealth caps, University of Li&#232;ge, Belgium</p></li><li><p>Arilson Favareto, Sociologist, PhD Environmental Science, Researcher working on inequalities and climate change., University of S&#227;o Paulo and Brazilian Centre for Analysis and Planning, Brasil</p></li><li><p>Vera Rita Ferreira, Ph.D. in social psychology, with expertise in economic psychology, financial education, choice architecture, my own consultancy and lecture business - V&#233;rtice Psi; former president of IAREP-the International Association for Research in Economic Psychology, Brasil</p></li><li><p>Ana Paula Hey, postdoctoral fellow in sociology; sociology of elites, University of Sao Paulo, Brazil</p></li><li><p>Jos&#233; Roberto Savoia, PhD in Business - ESG, Finance, University of S&#227;o Paulo - Faculty of Economics, Business, and Accountancy, Brazil</p></li><li><p>Lauro Mattei, PHD in Economics, Full Professor, Brazil</p></li><li><p>Eleuterio F S Prado, Economist, University of S&#227;o Paulo, Brazil</p></li><li><p>Maria Lygia Quartim, Professor, social sciences, Unicamp, Brazil</p></li><li><p>Felix Garcia Lopez Jr., Doctorate (sociology of inequality), Institute for Applied Economic Research (Senior Reseearch), Brazil</p></li><li><p>Maria Helena Henriques Mueller, Sc.D in Population Sciences, Vice-Presidentn of the Brazilian Association of Former UN staff, Brazil</p></li><li><p>Bruno De Conti, PhD in Economics, Associate Professor, University of Campinas, Brazil</p></li><li><p>Adriana Abdenur, Phd, Socioloy of Development, Global Fund for a New Economy, Co-President, Brazil</p></li><li><p>Pedro Rossi, PhD in economics, Global Fund for a New Economy, Brazil</p></li><li><p>Marco Antonio Martins da Rocha, Economics, University of Campinas/Brazil, Professor, and Transforma, Executive Director, Brazil</p></li><li><p>Marcelo Milan, Economics, Associate Professor of Economics. UFABC/UFRGS, Brazil</p></li><li><p>Camila Rocha, PhD Political Science, Center for Critical Imagination/Cebrap - Scientific Director, Brazil</p></li><li><p>Alvaro A Comin, PhD in Sociology, University of Sao Paulo-Brazil, Brazil</p></li><li><p>Marcia, psicologia, nao, Brazil</p></li><li><p>Flavia Ferreira da Silva, Economist and PhD Candidate in Economic Development, State University of Campinas/ UNICAMP - Institute of Economics, Brazil</p></li><li><p>Moses Kwadwo Kambou, PhD in Education</p></li><li><p>MA in Development Studies, Centre Universitaire Polyvalent du Burkina, Burkina Faso</p></li><li><p>Chrispo Babila Dingha, PhD</p></li><li><p>Geography and Planning, Natural resource management, Nature-based Solutions and just sustainability transitions, University of Bamenda and Stellenbosch University, Researcher., Cameroon</p></li><li><p>Marjorie Griffin Cohen, Economics &amp; Public Policy. BA, MA, PH.D., Simon Fraser University, Professor Emeritus, Canada</p></li><li><p>Prabha Khosla, Master&#8217;s Urban Planning, ReFocus Consulting, Canada</p></li><li><p>Abdulghany Mohamed, Phd (Public Policy), MA (International Development), MBA, Carleton University, Ottawa, Canada (Sessional Lecturer), Canada</p></li><li><p>Sanjay Ruparelia, PhD, University of Cambridge</p></li><li><p>Politics, comparative government and political economy of development, Professor of Politics and Jarislowsky Democracy Chair, Toronto Metropolitan University, Canada</p></li><li><p>Luciana de &#193;vila, Psychoanalises, Private consulting, Canada</p></li><li><p>James B. Davies, MSc and PhD from the London School of Economics; field - - Public Economics, Professor Emeritus, Department of Economics, University of Western Ontario, Canada</p></li><li><p>Gustavo Indart, PhD in Economics, Professor Emeritus, Department of Economics, University of Toronto, Canada</p></li><li><p>Paul Shaffer, DPhil, International Development Studies (Poverty), Professor, Canada</p></li><li><p>Monique Deveaux, PhD, University of Cambridge. Areas of expertise: Political Philosophy/Political Theory; Normative ethics; Poverty &amp; Inequality, University of Guelph (Full Professor), Canada</p></li><li><p>Sue-Ann MacDonald, PhD. Social inequalities, Full Professor at the Universit&#233; de Montr&#233;al (Canada), School of Social work; International Federation of Social Workers representation to the UN., Canada</p></li><li><p>Bertie Mendis, Post grad engineer and a Takemi Fellow in International Health., UNICEF (retired), Canada</p></li><li><p>Giacomo Rella, PhD - Economics, Postdoctoral researcher, Universit&#233; du Qu&#233;bec &#224; Montr&#233;al, Canada</p></li><li><p>Lanyan Chen, PhD in Sociology and specializing on social realities of inequalities, feminist research on welfare state and care, decolonization, pubic policy response to violence against women, A Full Professor of Social Welfare and Social Development at Nipissing University, Canada</p></li><li><p>Jonathan Ostry, PhD, economics, University of Toronto, Professor of Economics, Global Affairs and Public Policy, Canada</p></li><li><p>Nirvana Mujtaba, Postgraduate in Economics, Women&#8217;s Rights Policy &amp; Advocacy Specialist, Oxfam Canada, Canada</p></li><li><p>Saidatou Dicko, Ph.D in business administration, research focuses on the political and economic elites&#8217; networking and how corporate political connections and activities impact firms&#8217; financial performance and governance., Full professor at the Universit&#233; du Qu&#233;bec &#224; Montr&#233;al (UQAM), Canada</p></li><li><p>A. Haroon Akram-Lodhi, PhD, Economics, Trent University, Canada</p></li><li><p>Felipe Correa, PhD., development studies., University of Chile, Chile</p></li><li><p>Maria Luisa M&#233;ndez, PhD in Sociology, expert on sociology of class and inequality, Universidad Cat&#243;lica de Chile, Chile</p></li><li><p>Jorge Atria, PhD; Inequality and Economic Concentration; Taxation and Redistribution; Economic and Fiscal Sociology; Elites and Social Stratification, Pontificia Universidad Cat&#243;lica de Chile, Associate Professor, Chile</p></li><li><p>Juan Fernandez Labbe, Doctor en Sociolog&#237;a. Investigador en territorio, acci&#243;n colectiva y pobreza, Universidad Cat&#243;lica Silva Henriquez, Chile</p></li><li><p>Juzhong Zhuang, PhD in Economics, Former Deputy Chief Economist, Asian Development Bank (retired), China</p></li><li><p>Tao Louie Xu, Development Economics, Research Assistant at Shanghai University of Finance and Economics, China</p></li><li><p>Justin Yifu Lin, PhD, economics, Dean and Professor, Institute of New Structrual Economics, Peking University, China</p></li><li><p>Sarah Cook, PhD Public Policy/Development Economics, University of Nottingham Ningbo China Professor and Head of School of Economics, China</p></li><li><p>Paula Jaramillo, PhD in Economics, Department of Economics, Universidad de Los Andes, Associate Professor, Colombia</p></li><li><p>Jimena Hurtado, Docteur &#232;s Sciences &#201;conomiques</p></li><li><p>History of Economic Thought. Economic theories of justice., Universidad de los Andes, Colombia</p></li><li><p>Leopoldo Fergusson, PhD Economics, Universidad de los Andes, TREES (Teaching and Researching Equitable Economics from the South), Colombia</p></li><li><p>Marco Alberto Vel&#225;squez Ruiz, PhD in Law (human rights), Colombia</p></li><li><p>Maria Cristina Quevedo G&#243;mez, PhD in public and global health equity, working on planetary health and climate justice. Social inequality and health. Latin American approach to health equity (power -balance strategies), Associate Professor at the Open University of Catalonia, Colombia</p></li><li><p>Anton Grau Larsen, Sociology, Roskilde University, Denmark</p></li><li><p>Lars Koch, Master in Political Science, specialised in finance for development, University of Copenhagen, Denmark</p></li><li><p>Peter Koerver Schmidt, Master of Science in Business Administration and Commercial Law. PhD in Tax law., Copenhagen Business School, Denmark</p></li><li><p>Rune M&#248;ller Stahl, PhD, Political Economy, Copenhagen Business School, lecturer, Denmark</p></li><li><p>Francisco Miguel Soler Mart&#237;nez, Doctor. Social Psychology of Inequality, Aarhus University, Denmark</p></li><li><p>Christian T. Elb&#230;k, PhD in Management. Decision Making and Behavioural Economics in relation to economic inequality and relative poverty, Aarhus University; Assistant Professor, Denmark</p></li><li><p>Marco Romero Cevallos, PHD in International Relations, Universidad Andina Sim&#243;n Bol&#237;var, Ecuador Director, Social and Global Studies Area, Ecuador</p></li><li><p>Amr Adly, PhD in Political Economy, Associate Professor - American University in Cairo, Egypt</p></li><li><p>Tommaso Faccio, Economics - international taxation, ICRICT - head of secretariat, England</p></li><li><p>Pierre KLEIN, Bachelor in Sociology</p></li><li><p>Grassroot activist with the International Movement All Together in Dignity - ATD Fourth World</p></li><li><p>, International Movement All Together in Dignity - ATD Fourth World - Coordinator for Europe, Europe</p></li><li><p>Claire Slatter, PhD Social policy and social work - Thesis on the Politics of Economic Restructuring in Pacific Islands States, Politics, governance, human rights and development at the University of the South Pacific (Retired), Fiji</p></li><li><p>Kunal Sen, PhD, development economics, UNU-WIDER, Director, Finland</p></li><li><p>Bonn Juego, PhD in Development &amp; International Relations, University of Jyv&#228;skyl&#228; - Senior Lecturer in International Development Studies, Finland</p></li><li><p>Merete Kemppainen, Architecture/urban planning - doctoral researcher, Aalto University - doctoral researcher/researcher, Finland</p></li><li><p>Timo Voipio, DSSc (Dr. of Social Sciences). Poverty, inequality, taxation, social protection, Africa., Ministry for Foreign Affairs (MFA) of Finland. Senior Adviser., Finland</p></li><li><p>Martin Brun, PhD in Economics, Postdoc at Tampere University, Finland</p></li><li><p>Thomas Piketty, PhD Economics, Professor at Paris School of Economics and Codirector of World Inequality Lab, France</p></li><li><p>Francois Bourguignon, Ph D Economics, Paris School of Economics, Emeritus Professor, France</p></li><li><p>Sandra Polaski, Master&#8217;s degree in nternational economics, expertise in trade, labor and income distribution, Boston University Global Development Policy Center, senior fellow, France</p></li><li><p>Fran&#231;ois Denord, Ph&#8217;D (Sociology), CNRS, France</p></li><li><p>Gabriel Zucman, Professor of economics, Paris School of Economics, France</p></li><li><p>Bruno Cousin, Associate professor of sociology, Sciences Po, France</p></li><li><p>Lucas Chancel, PhD economics, inequality and climate studies, Associate Professor, Sciences Po, France</p></li><li><p>Ignacio Flores, PhD Economics, Paris School of Economics, France</p></li><li><p>Quentin Chanc&#233;, Researcher in STS and market studies, in the field of food system transition and environmental governance, University of Montpellier, France</p></li><li><p>Nadege Ade, Msc Global health and public policy</p></li><li><p>expertise: health systems strengthening and governance, The university of Bath, France</p></li><li><p>Gabriela Ramos, Master in Public Administration, former OECD Chief of Staff and Sherpa, UNESCO Assistant Director General for Social and Human Sciences, Co-Chair of the Task Force on Inequalities and Social related financial disclosure., France</p></li><li><p>Ingo Ritz, Economist, Global Call to Action Against Poverty (GCAP), Director, France</p></li><li><p>Gordon Johnston, Bachelor of laws, UK solicitor advocate, n/a, France</p></li><li><p>Bina Desai, PhD, Social Anthropology/ MPhil, Sociology and Economics, Special Advisor, CGIAR, France and Switzerland</p></li><li><p>Holger Apel, MA in Development Studies, Specialisation Economics of Development., Advisor, Germany</p></li><li><p>Markus Kaltenborn, Professor of Public Law / fields of expertise: human rights, social protection, Ruhr-University Bochum / Director of the Institute of Development Research and Development Policy (IEE), Germany</p></li><li><p>Ute Koczy, M.A. Empirical Science of Culture;</p></li><li><p>former Member of Parliament and Spokeswoman on Economic Cooperation and Development, Urgewald, Senior Advisor - Campaign Director MFIs /World Bank, Germany</p></li><li><p>Rocio Moreno Lopez, BA in Economics</p></li><li><p>MSc in Development Administration and Planning</p></li><li><p>Expert in Public Budgets and Extractive Industry Revenue., Oxfam Interntional, Head of Governance, Germany</p></li><li><p>Gabriele Koehler, Master of economics; development economist; human rights advocate, Senior research associate az UNRISD, Germany</p></li><li><p>Izaskun Zuazu, Ph.D. in Economics, political economy, economic inequality, labor economics, feminist economics, Postdoctoral researcher, University of Duisburg-Essen, Germany</p></li><li><p>Mariana Calcagni, PhD (C) in Global Sociology, M.Sc. Environmental Governance, Free University Berlin, Germany, Germany</p></li><li><p>Daniel Avil&#233;s Stempel, Doctorate in Economics, Macroeconomic effects of inequality, Postdoctoral Researcher at Heinrich Heine University D&#252;sseldorf, Germany, Germany</p></li><li><p>Sarah Ganter, Master degree in Political Science; Sustainable Development; International Tax Justice, Global Policy Forum Europe, Germany</p></li><li><p>Tom Krebs, Ph.D. In Economics; Macroeconomics, University of Mannheim, Germany</p></li><li><p>Sebastian Dullien, Macroeconomics, Institut f&#252;r Makro&#246;konomie und Konjunkturforschung (Macroeconomic Policy Institute), Germany</p></li><li><p>Claudia Kemfert, Professor of Energy Economics and Sustainability with a PhD in Economics. Expertise covers energy and climate policy, environmental and resource economics, distributional impacts, and sustainable development., Professor of Energy Economics and Sustainability at Leuphana University L&#252;neburg and Head of the Department of Energy, Transportation and Environment at the German Institute for Economic Research (DIW Berlin)., Germany</p></li><li><p>Fabian T. Pfeffer, Ph.D. in Sociology</p></li><li><p>Expertise: Social Inequality, LMU Munich (Ludwig-Maximilians-Universit&#228;t M&#252;nchen) &amp; Munich International Stone Center for Inequality Research, Germany</p></li><li><p>Achim Truger, Professor of Socioeconomics. Public Finance, Macroeconomics and Economic Policy, University of Duisburg-Essen and German Council of Economic Experts, Germany</p></li><li><p>Bodo Ellmers, Political Science (Diploma), Global Policy Forum Europe (Managing Director), Germany</p></li><li><p>Ellen Ehmke, Dr. phil. (PhD in political science), social protection and inequality, I dont have an institution I can list here, Germany</p></li><li><p>Godfred A Bokpin, PhD (Economics), University of Ghana, Professor and Former Dean of Student Affairs, Ghana</p></li><li><p>Farouk Braimah Rabiu, Master in Social Policy studies, EXECUTIVE DIRECTOR, Peoples Dialogue on Human Settlements, Ghana., Ghana</p></li><li><p>Bernard Anaba, MSc. Natural Resources Management</p></li><li><p>(Economic Justice), ISODEC (Head of Policy and Programmes), Ghana</p></li><li><p>Festus Nenyi Abbiw Owooson, Master of Arts, Economic Policy Management and PhD Candidate, Migration Studies, Center for Migration Studies, University of Ghana, Ghana</p></li><li><p>Dr. Stephany A. Adongo, PhD, Management and Financial Economist. (FDI), University for Development Studies, Tamale, Ghana. An Administrator, Head of Sanitation. , Ghana.</p></li><li><p>Hugo Geovanny Aguilar Montoya, Master&#180;s Degree on Quantitative Economics and Finance.</p></li><li><p>Project Management., Guatemala</p></li><li><p>Andrea Krizsan, Professor, Equality policies, Central European University, Hungary/Austria</p></li><li><p>Gita Sen, PhD Economics, Honorary Distinguished Professor, Public Health Foundation of India, India</p></li><li><p>Darryl Reed, PhD Ethics, PhD Political Economy - Development, Co-operatives, Fair Trade, Trade Justice, Distringuished Professor, Dept of Economic, Shiv Nadar University, Delhi NCR, India</p></li><li><p>Chirashree Das Gupta, PhD; Political Economy of Institutions, Professor, Jawaharlal Nehru University, India</p></li><li><p>Sangh Mitra Singh Gautam, Masters (Passed) PhD (pursuing), University of Delhi, India</p></li><li><p>Himanshu, PhD (Economics), Field of Expertise: Poverty, Inequality, Development, Jawaharlal Nehru University (JNU), New Delhi, India, India</p></li><li><p>Amar Yumnam, Ph. D. (Economics), Visiting Professor, Centre for Economic and Social Studies, Hyderabad, India., India</p></li><li><p>Sachin Jamdade, PhD Research Scholar, working on informal sector and labour, Project Associate, Global Partnership Network, Jawaharlal Nehru University, India</p></li><li><p>H.S.Shylendra, Ph.D; Development Theories, Rural Development, Gender, Collectives , Professor in Social Science, Institute of Rural Management Anand (IRMA), Tribhuvan Sahkari University, Anand, India , India</p></li><li><p>C. P. Chandrasekhar, Ph. D. Economics, Senior Research Fellow, Political Economy Research Institute, UMass Amherst, India</p></li><li><p>Venkatesh Athreya, Ph D in Economics (UW-Madison). Field of Expertise: Political Economy of Development, Adjunct Faculty, Asian College of Journalism, Chennai, India</p></li><li><p>Kalyani Menon-Sen, MSc PhD Feminist policy analysis, impact of economic policies on women&#8217;s lives., Senior Associate, Gender At Work, India</p></li><li><p>Kathyayini Chamaraj, Bachelor of Science (Communication), CIVIC -Bangalore, Executive Trustee, India</p></li><li><p>Kakali Barua, P.hd. Labour, Informal Sector, Gender, Caste, Development Economics., Lady Shri Ram College fir Women, India</p></li><li><p>Yadu C R, PhD in Economics, Post-Doctoral Fellow at Water, Environment, Land and Livelihood (WELL) Labs., India</p></li><li><p>Dev Nathan, Ph. D. Economics, including analysis of inequality, Institute for Human Development, Professor, India</p></li><li><p>Varna Sri Raman, PhD Development Studies, Founder, PPVentures, India</p></li><li><p>Amrita Laha, M.Phil Sociology, Equitable conservationist, India</p></li><li><p>Dr. Muniraju, Ph.D, Community Development, National Institution for Transforming India (NITI Aayog) Ministry of Planning, Government of India, India</p></li><li><p>Sankar Varma, PhD (Economics) . Field of Expertise- Urban Studies, History of Economic Thought, Political Economy, Cultural Criticism, Assistant Professor, Department of Economics, Christ (Deemed to be University), India</p></li><li><p>Akhum David Longkumer, MPhil Economics, Delhi University, guest lecturer, India</p></li><li><p>Prof Ritu Dewan, PhD Economics, IHD, ISLEc (64th President), India</p></li><li><p>Sunkari Satyam, Ph.D., Council for Social Development, Assistant Professor, India</p></li><li><p>Rityuja Mani Tewary, Development Studies, Researcher, India</p></li><li><p>Anjana Thampi, PhD in Economics, Assistant Professor, O P Jindal Global University, India</p></li><li><p>Aswathy Rachel Varughese, PhD Public Economics and Development Economics, Assistant Professor Gulati Institute of Finance and Taxation, India</p></li><li><p>Jesim Pais, Ph.D in Economics, Society for Social and Economic Research/IDEAs, India</p></li><li><p>D.Narasimha Reddy, PhD. Political Economy of Development, Professor of Economics,(Rtd.) University of Hyderabad, India</p></li><li><p>Arvinn Gadgil, MSc Development Studies - development economics/governance, N/A for this purpose, India</p></li><li><p>SYED SADDAM ALI, M.Phil. in Economics. Expertise includes Development Economics, Geo-climatic Studies, and Economic Inequality, Ph.D. Research Scholar in the Department of Economics, Vidyasagar University, Paschim Medinipur, West Bengal, India., INDIA</p></li><li><p>Sona Mitra, PhD in Economics, Independent Researcher, India</p></li><li><p>Narender Thakur, PhD and Political Economy, Dr. Bhim Rao Ambedkar College, University of Delhi, India</p></li><li><p>Harpreet Singh, Economics, Panjab University, India</p></li><li><p>Goddanti Omkarnath, Retd. Professor of Economics, Honorary Professor, University of Hyderabad, India</p></li><li><p>Dr. Arnab Chatterjee, Ph.D, Social and legal -political thought., Post Doc Fellow, RMIC, Golpark, Kolkata, India</p></li><li><p>Sumangala Damodaran, PhD, Labour Studies, Industry studies, Gender and Economics, International Development economics associates IDEAs, India</p></li><li><p>Raj Shekhar, Masters in Development Studies, Programme Associate at Centre for Financial Accountability, India</p></li><li><p>Arjun Jayadev, PhD Economics, Azim Premji University, India</p></li><li><p>Jacobus (Valdy) Rijoly, PhD, Public finace and Development Economy, Assistant Professor, Pattimura University, Indonesia</p></li><li><p>Zahra Karimi, Economics, University of Mazandaran (Iran), Iran</p></li><li><p>Nata Duvvury, Doctorate</p></li><li><p>field of expertise -economic inequality, gender equality, intersection inequality, University of Galway, Established Professor of Gender and Women&#8217;s Studies, Ireland</p></li><li><p>Dr Fiona Dukelow, PhD in Social Policy. Social Policy, Eco-Social Policy/Sustainable Welfare, University College, Cork, Ireland</p></li><li><p>Marie Moran, PhD in Equality Studies (interdisciplinary, social sciences), Associate Professor of Equality Studies, UCD, Ireland, Ireland</p></li><li><p>Dr Rosie R Meade, Doctorate in Social Sciences. Fields, include community activism and development, social movements and protest politics, cultural democracy, and social policy., Senior Lecturer, School of Applied Social Studies, University College Cork., Ireland</p></li><li><p>Catriona Nicholls, Master of Science - Major in Equality Studies, University College Dublin, Ireland</p></li><li><p>Liz Mann, Social Policy, Lecturer of Social Policy, University College Cork &amp; Visiting Fellow, LSE, Ireland &amp; UK</p></li><li><p>Pasquale De Muro, M.Phil., Ph.D.</p></li><li><p>Development Economics, Human Development, Food Security, Sustainable Development, Roma Tre University, Italy, Professor, Italy</p></li><li><p>Marcella Corsi, PhD (Econ), Sapienza University of Rome, Italy</p></li><li><p>Marco Sachy, PhD in Critical Management and Organization Studies, Italy</p></li><li><p>Salvatore Morelli, PhD in Economics, Associate Professor of Public Economics at Roma Tre University, Italy</p></li><li><p>Giacomo Gabbuti, DPhil (PhD) in Economic and Social History, Scuola Superiore Sant&#8217;Anna, Pisa (Italy); Assistant Professor (Ricercatore Tenure Track), Italy</p></li><li><p>Barbara Annicchiarico, Professor of Public Economics; fields of expertise: macroeconomics and environmental economics., Department of Law, Roma Tre University, Italy</p></li><li><p>Demetrio Guzzardi, PhD. Income and wealth inequality, fiscal policy, impact of climate change on inequality, Post doctoral Research at Economics department of University of Calabria. Affiliate researcher at Sant&#8217;Anna School of Advanced Studies, Italy</p></li><li><p>Michele Raitano, PhD in Economics, Sapienza University of Rome, Full Professor of Economic Policy and lecturer of Economics of Inequality, Italy</p></li><li><p>Elisa Palagi, Ph.D. in Economics; income and wealth inequality, inequality and climate change, inequality and macroeconomic dynamics, Scuola Superiore Sant&#8217;Anna, Pisa (Italy); Postdoctoral researcher, Italy</p></li><li><p>Maurizio Franzini, Professor, economic inequality and social mobility, Emeritus professor Sapienza University of Rome, Italy, ITALY</p></li><li><p>Francesco Lamperti, PhD; Macroeconomics, Climate Change., Sant&#8217;Anna School of Advanced Studies, Pisa (IT); Full professor of economics, Italy</p></li><li><p>Luca Piccoli, PhD in Economics, Associate Professor, Departmento of Sociology and Social Research, University of Trento, Italy</p></li><li><p>Enrica Chiappero, PhD in Economics, Full professor of Economic Policy. Currently President of the Human Development and Capability Association. Research interests in poverty, inequality, capability approach and human development, University of Pavia, Italy, Italy</p></li><li><p>Lucia Mangiavacchi, Ph.D in Economics, University of Perugia, Italy</p></li><li><p>Francesca Subioli, PhD in Economics, working on welfare economics, labour economics and applied microeconomics, Post-doctoral Researcher in Roma Tre University, Department of Law, Italy</p></li><li><p>Isao Takagi, Master&#8217;s degree of Economics and the expert on Poverty and Well-Being, Professor of Economics Dept. of Soka University, Japan, Japan</p></li><li><p>Kefa Simiyu, Master of Arts (Economics), Economics Scholar Panel/ Chuo Kikuu cha Nairobi, Kenya</p></li><li><p>Claire Nyapucha, Post Graduate; Field of expertise is finance and Economics, Prosperbridge Initiative for Empowerment- Financial Inclusion &amp; Economic Empowerment Lead, Kenya</p></li><li><p>Ndirangu Ngunjiri, Finance, University of Nairobi, Kenya</p></li><li><p>Kevin Mbugua, Bachelor of Science in Information Technology, Masters in Business Administration, Certified Cyber Security Expert., Oxfam International, Kenya</p></li><li><p>Hezekiah Agwara, PhD with specialization in development, innovation and entrepreneurship economics and policy., OGIVES Limited, Founder/Director, Kenya</p></li><li><p>Njeri Njoroge, Masters - Sociology, Bachelor of Arts Sociology, Kenya</p></li><li><p>Dita Dobranja, Women&#8217;s economic empowerment, KOSOVO</p></li><li><p>Abulgasem Al Mashai, Interdisciplinary Research, Libyan Authority for Scientific Research, Libya</p></li><li><p>Philippe Van Kerm, PhD in Economics, Professor of Inequality and Social Policy at University of Luxembourg and Research director at Luxembourg Income Study, Luxembourg</p></li><li><p>Robert White, Master of Arts (Economics), Tilitonse Foundation, CEO, Malawi</p></li><li><p>Muhammed abdul khalid, PhD, inequality and poverty, National University of Malaysia, Research Fellow, Malaysia</p></li><li><p>Sunita Rajakumar, law (LLB) and qualified chartered accountant (ICAEW), Adj Prof UNITAR, Malaysia</p></li><li><p>TOURE ep. BARRY Aminata, Contr&#244;leur des Finances, sp&#233;cialit&#233; Budget et comptabilit&#233; publique ,Maitrise en d&#233;veloppement sociale, plusieurs ann&#233;es d&#8217;&#8216;exp&#233;rience en analyse des politiques publiques et budget, collectes d&#8217;informations sur l&#8217;acc&#232;s aux service sociaux de base, paix et s&#233;curit&#233;, le genre sensible...., Vice Pr&#233;sidente du Conseil Nationale de la Soci&#233;t&#233; Civile du Mali, Pr&#233;sidente de l&#8217;Association Malienne pour la Sauvegarde du Bien etre Familial, Vice Pr&#233;sidente du Conseil Mondial de l&#8217;Action Mondial Contre la Pauvret&#233;, Mali</p></li><li><p>Blair Glencorse, MA, International Economics and International Relations, Accountability Lab, Co-CEO, Mauritius</p></li><li><p>Anda David, PhD in economics, fields of expertise: labour markets, inequalities and migration, Senior researcher and lead economist on inequalities at the Agence Fran&#231;aise de D&#233;veloppement (French Development Agency), Mexico</p></li><li><p>Alice Krozer, PhD (University of Cambridge); inequality and elites, Professor, el Colegio de M&#233;xico, Mexico</p></li><li><p>Diego Merla L&#243;pez, MSc. Political Economy of Developent, expertise in fiscal justice, inequalities and sustainable development, Oxfam Mexico, Fiscal Justice Strategic Coordinator, Mexico</p></li><li><p>David Barkin, Doctorate in Philosophy with specialization in Economics, Distinguished Professor, Universidad Aut&#243;noma Mteropolitana, Mexico City, Mexico</p></li><li><p>Ricardo Bravo, PhD Candidate / Political theory, Central European University, Mexico</p></li><li><p>Saul Escobar, Bachelor&#8217;s degree. Economic history and labor history, Professor Instituto Nacional de Antropolog&#237;a e Historia, Mexico</p></li><li><p>Lydia Alpizar, Human Rights, DAWN Board of Directors, Mexico</p></li><li><p>Alicia Puyana, Doctor, Facultad Latinoamericana de Ciencias Sociales FLACSO, Mexico</p></li><li><p>H&#233;ctor Casta&#241;&#243;n Reyes, PhD Social Anthropology, Fight Inequality Alliance, Mexico</p></li><li><p>Martha Merlo Huerta, Ph.D, on social and political sciences, specialized in child rights, social protection and governance for development, UNICEF, social policy officer, Mexico</p></li><li><p>Patricia Rodr&#237;guez L&#243;pez, Maestra en ciencias econ&#243;micas, por la Universidad Nacional Aut&#243;noma de M&#233;xico (UNAM).</p></li><li><p>Econom&#237;a feminista, mecado laboral femenino, Instituto de Investigaciones Econ&#243;micas -UNAM Acad&#233;mica Titular, M&#233;xico</p></li><li><p>Luc&#237;a P&#233;rez Fragoso, P.H.D. in Economics, M&#233;xico</p></li><li><p>Roberto Ledesma Avila, Expert in Conservation, Restoration and Interpretation of Cultural Heritage, Bachelor of Plastic Arts, Master in History and Social, M&#233;xico</p></li><li><p>alma.luisa@indesig.org, Inequalities, Tec de Monterrey/ INDESIG, M&#233;xico</p></li><li><p>Edgar P&#233;rez-Medina, Masters degree in Economics and Adjunct Professor at UNAM, M&#233;xico, UNAM, M&#233;xico</p></li><li><p>Diego Casta&#241;eda Garza, PhD in Economic History., Uppsala University., Mexico / Sweden</p></li><li><p>Younes Sdor, Baccalaureate + a range of diplomas and professional certificates, and national and international human rights activist, Advisor and Head of Public Relations at the Arab Peace University, Morocco</p></li><li><p>Mariam Umarji, Finance, MBA, Ongoing PhD, IHMT - UNL, Mozambique</p></li><li><p>Steven Ouma, Bachelor of Arts in sociology and psychology, Youth Global Network(Ambassador), Nairobi Kenya</p></li><li><p>Petrus Junior Nathinge, Development Economics and Finance, University of Cape Town, Masters student, Namibia/South Africa</p></li><li><p>Froukje Johanna Basoski, Master International Health, KIT Amsterdam, Nederland</p></li><li><p>Kul Chandra Gautam, Master of Public Affairs, major in development economics, Nepal</p></li><li><p>John Belt, MSc Agricultural Economics, SNV, Senior Economics, Netherlands</p></li><li><p>Milio van de Kamp, master&#8217;s degree, currently working on a phd, University of Amsterdam, senior lecturer, Netherlands</p></li><li><p>Erik Boonstoppel, MA - Sustainable International Development, Netherlands</p></li><li><p>Maria van der Harst, PhD in &#8216;Leaving no one behind&#8217;. Trained in anthropology, but currently combining Global Health, and research into children&#8217;s well-being and quality of life., Postdoc researcher at the University Medical Center Utrecht, Netherlands</p></li><li><p>Koen Frenken, Economics, Professor of Innovation Studies, Utrecht University, Netherlands</p></li><li><p>Dylan Hauser, Economy, Erasmus, Netherlands</p></li><li><p>Annelli Janssen, PhD, just transitions, Drift (Erasmus University Rotterdam), Senior researcher, Netherlands</p></li><li><p>Salvador Santino Regilme, PhD in Political Science and International Relations; expertise: international human rights, global socioeconomic inequalities, global war on drugs, the politics of the superrich, Leiden University, the Netherlands - Associate Professor and Program Chair of International Relations, Netherlands</p></li><li><p>Thera Van Osch, Macro Economist MSc, OQ Consulting BV, Netherlands/CEO, Netherlands</p></li><li><p>Boudewijn Koole, Dr. Phil. and historian of ideas, Alumnus Univ. Of Amsterdam, and of Univ. Of Utrecht, Netherlands</p></li><li><p>Igna Bonfrer, PhD related to health inequalities, Erasmus University Rotterdam, Associate Professor, Netherlands</p></li><li><p>Sara Golden, Masters, International Relations &amp; Economics, Johns Hopkins University, Netherlands &amp; USA</p></li><li><p>Mieke Verloo, Professor of Comparative Politics and Inequality Issues, Radboud University and also IWM Institute for Human Sciences, Netherlands, Austria</p></li><li><p>anuradha Chenoy, PhD, retired Professor, New Delhi</p></li><li><p>Bill Rosenberg, B.Com, B.Sc.Hons, PhD in Mathematics, Psychology and Economics, Victoria University of Wellington Te Herenga Waka, Visiting Scholar, New Zealand</p></li><li><p>Susan St John, PhD economics, Honorary Associate Professor, Economic Policy Centre, University of Auckland , New Zealand</p></li><li><p>Geoff Bertram, DPhil (Oxford) in Economics, Victoria University of Wellington, New Zealand</p></li><li><p>Rob Campbell, M.Phil. Economics, Auckland University of Technology, New Zealand</p></li><li><p>Nicholas Henry, PhD in International Relations, Climate Justice Lead, Oxfam Aotearoa, New Zealand</p></li><li><p>Suzanne Snively, MA Distinction, VUW Wellington, NZ, New Zealand</p></li><li><p>Edward Miller, LLM, corporate profits and tax, Centre for international Corporate Tax Accountability and Researcg, New Zealand</p></li><li><p>Andrea Black, MTaxS Tax, Association of Salaried Medical Specialists - Economist, New Zealand</p></li><li><p>Abdoul Moumouni Issoufou Moussa, Licence degree in Public Policy and Sustainable Development. Expertise in social innovation, youth empowerment, and inclusive governance., United Nations volunteer, Niger</p></li><li><p>Plangshak Musa Suchi, PhD Criminology, University of Jos. Jos Nigeria, Professor, Nigeria</p></li><li><p>Daskyes Gulleng, PhD, University of Jos, Nigeria. Reader, Nigeria</p></li><li><p>Aliyu Bashir Haruna, B.A Library and Information Science/ Political Science, Teachers Service Board, Education officer, Nigeria</p></li><li><p>Zainab Shehu, MES Environmental sustainability, Nigeria civil service, Nigeria</p></li><li><p>Jude Onemolease, Economics &amp; Statistics, DuraLab Nigeria (Durandel Ltd), Nigeria</p></li><li><p>Jorgen Randers, Ph D Management, Climate strategy, Professor emeritus, BI Norwegian Business School, Norway</p></li><li><p>No&#233; Manuel Mendoza Fuente, PhD candidate in International Environment and Development Studies, Dissemination advisor at Skatteforsk - Centre for Tax Research at the Norwegian University of Life Sciences, Norway</p></li><li><p>Roberto Iacono, PhD in Economics. Field of expertise: Public Economics and Inequality Measurement., Norwegian University of Science and Technology, Professor., Norway</p></li><li><p>Muhammad Siddique, Mhill, Punjab Healthcare Commission, Pakistan</p></li><li><p>Eduardo Lopez Rosse, Ph.D, Gobierno Autonomo Municipal de Cochabamba, Plurinational State of Bolivia</p></li><li><p>Nuno Nunes, PhD in Sociology; Fields of Expertise: Inequality, Development, Democracy, and the Digital Society, ISCTE-University Institute of Lisboa, Portugal</p></li><li><p>Joana S. Marques, PhD, Sociology, CIES-Iscte, Centre for Research and Studies in Sociology, Portugal</p></li><li><p>Artur Crist&#243;v&#227;o, PhD Rural Development, Professor (retired) University of Tr&#225;s-os-Montes &amp; Alto Douro, Portugal, Portugal</p></li><li><p>Cl&#225;udia Ara&#250;jo, PhD in Political Sociology, Senior Research Fellow, Power for Democracies, Portugal</p></li><li><p>Ringo Nyangi Kibukusa , Je suis actuellement en cours d&#8217;obtention d&#8217;un Master en Informatique de Gestion., l&#8217;Institut Sup&#233;rieur de Commerce de Bukavu., RDC</p></li><li><p>Seohyun (Sam) Nam, Master of Science in Sustainability Management, Sustainability &amp; ESG Professional, Lunit, Sustainability &amp; ESG Manager, Republic of Korea</p></li><li><p>Hesam Aref Kashfi, MSc. in Electrical Engineering and Sociology as well, Member of the International Academy for Quality, Co-Chair of Communications Committee and Chief Management Officer of the Newsletter, Resident in Iran</p></li><li><p>Lourdes Beneria, Dr., Economics, Retired from Cornell U., Retired and living in Spain</p></li><li><p>Alexandru Volacu, Political Science, University of Bucharest / Associate Professor, Romania</p></li><li><p>Cristina-Gabriela Raileanu, PHD, PHD, Paris Est university, Gustave Eiffel., Romania</p></li><li><p>Amadu Khan, PhD - Social Policy; Equalty, Diversity and Inclusion; International Development; Media Communication, The Royal Conservatoire of Scotland, Scotland - UK</p></li><li><p>Predrag Cveticanin, PhD in Sociology, Faculty of Arts, University of Nis, Serbia, Serbia</p></li><li><p>Claudia S&#225;mano-Robles, Phd in Economics specialiced on the measurment of poverty and inequality, Profesor at Center for teaching and research in Economics (CIDE) in Mexico City. Mexico, She holds a Ph.D. in Economics, specializing in the measurement of poverty and inequality, with a focus on welfare analysis and public policy evaluation. Her research combines quantitative and qualitative approaches to study social and gender inequalities, education, and care systems in Latin America.</p></li><li><p>Riaz Tayob, BA Llb Llm, Southern and Eastern African Trade and Negotiations Institute - South Africa, South Africa</p></li><li><p>Dr Gilad Isaacs, PhD in Economics, Executive Director, Institute for Economic Justice, South Africa</p></li><li><p>Kelle Howson, PhD Development Studies, social protection, labour, digital economy, Institute for Economic Justice, South Africa</p></li><li><p>jonrohde, MD, Harvard SPH, South Africa</p></li><li><p>Johnny Miller, Anthropology, University of Cape Town - Photographer and Founder of Unequal Scenes, London School of Economics, Atlantic Fellow for Social and Economic Equity, South Africa</p></li><li><p>Mzwanele Ntshwanti, Ph.D. (Economics), IEJ (G20 Senior Researcher), South Africa</p></li><li><p>Rasigan Maharajh, PhD - Political Economy of Science, Technology, and Innovation, Tshwane University of Technology - Chief Director, South Africa</p></li><li><p>Sandra Liebenberg, BA LLB LLM (cum laude) LLD</p></li><li><p>Socio-economic rights; equality; international human rights law and comparative constitutional law, H.F. Oppenheimer Chair in Human Rights Law, Department of Public Law, Faculty of Law, University of Stellenbosch, South Africa</p></li><li><p>Jimi Adesina, Graduate Qualification: PhD</p></li><li><p>Fields of Expertise: Social Policy, Sociology, University of South Africa, South Africa</p></li><li><p>Michael Clements, Human Rights Lawyer, Head of Business and Human Rights Resource Centre, South Africa</p></li><li><p>KUKHANYILE MALI, Masters in Economics, University of the Western Cape, Student &amp; Human Science Research Council, PhD Trainee, South Africa</p></li><li><p>Angela Opondoh, M.A. in Gender and Development Studies, PhD Candidate in Geography and Environmental Studies at University of the Witwatersrand, South Africa</p></li><li><p>Ruth Castel-Branco, PhD</p></li><li><p>Work, labour and redistribution, Senior Lecturer, Southern Centre for Inequality Studies, University of the Witwatersrand, South Africa</p></li><li><p>Zanele, Education, Nil, South Africa</p></li><li><p>Michael Samson, PhD Economics (Stanford University), expertise in Poverty, Inequality and Social Development, Economic Policy Research Institute (EPRI), South Africa</p></li><li><p>Inhoe Ku, Ph.D. in social work and social policy, Seoul National University, Professor, South Korea</p></li><li><p>Carlos villan duran, Prof. Dr. DIDH, Presidente of spanish society for IHRL, Spain</p></li><li><p>Juan C. Palomino, Research Officer on Economics; expertise is inequality and opportunity., Universidad Complutense de Madrid, Spain</p></li><li><p>Dr Andrew L. Fanning, Doctorate in Ecological Economics, Research &amp; Data Analysis Lead, Doughnut Economics Action Lab, Spain</p></li><li><p>Anna Ortega Blanco, MA in International Relationships, Security and Development, -, Spain</p></li><li><p>Francisco Garc&#237;a-Rodr&#237;guez, PhD Student in Economics, Universidad de Alcal&#225;, PhD Student, Spain</p></li><li><p>Xavier Ramos, PhD in Economics; expertise is economic inequalities and poverty., Professor at the Universitat Aut&#242;noma de Barcelona, Spain</p></li><li><p>Elena B&#225;rcena-Mart&#237;n, PhD in Economics. Expertise in economic inequality and poverty, Profesor at Universidad de Malaga, Spain, Spain</p></li><li><p>Pedro Salas-Rojo, PhD - Intergenerational Mobility and Inequality of Opportunity + Wealth and Housing inequalities, Cunef University, Spain</p></li><li><p>Olga Alonso-Villar, Ph D in Economics, University of Vigo, Spain</p></li><li><p>Elizabeth Villagomez, PhD in Economics, labour economics and gender equality, Spain</p></li><li><p>Elizabeth Villagomez, PhD in Economics, labour economics and gender equality, Independent researcher and consultant, Spain</p></li><li><p>Maria Marino, PhD, inequality and preferences for redistribution, Universitat de Barcelona, Spain</p></li><li><p>Alex Cobham, MSc Intl Economics; tax and inequality , Tax Justice Network (chief executive), Spain</p></li><li><p>Salvador P&#233;rez-Moreno, Professor of Applied Economics, Professor of Applied Economics, University of Malaga, Spain</p></li><li><p>Manuel Flores, PhD in Economics, Universitat Aut&#242;noma de Barcelona, Associate Professor of Applied Economics, Spain</p></li><li><p>Jason Hickel, PhD degree</p></li><li><p>Expertise in political economy, Professor, ICTA-UAB and LSE, Spain/UK</p></li><li><p>Kumudini Samuel, Women&#8217;s Rights and Human Rights, Women and Media Collective, Sri Lanka, Sri Lanka</p></li><li><p>Jorge Buzaglo, Associate Professor of Economics, University of Stockholm</p></li><li><p>Gunnar Myrdal Prize 1995, Swedish Economics Association, Independent researcher, Sweden</p></li><li><p>Kanchana N Ruwanpura, PhD - Development Studies, University of Gothenburg, Sweden/ Professor - Development Geography, Sweden</p></li><li><p>Lars Lindblom, Philosophy, theories of justice and democratic stability, Link&#246;ping University, Senior Associate Professor, Sweden</p></li><li><p>Katharina Berndt, PhD, practical philosophy, Department of Philosophy, Stockholm University, Senior Lecturer, Sweden</p></li><li><p>Emil Andersson, PhD, Philosophy, Uppsala University, Lecturer, Sweden</p></li><li><p>Sune Sunesson, PhD Sociology, Professor, Social Policy, Social work, Lund University, Emeritus Professor, Sweden</p></li><li><p>Fredrik Bruhn, MSc in Development Studies and Political Science; specialized in effective, inclusive &amp; accountable governance , International development professional, Sweden</p></li><li><p>Emil D. B&#246;hme, Socioeconomics, Institute of Demography and Socioeconomics, Switzerland</p></li><li><p>Shahra Razavi, PhD Development Economics, International Labour Organization, Switzerland</p></li><li><p>Arthur Lyon Dahl, Ph.D. in Biological Sciences, specialist in environment, sustainability and global governance, International Environment Forum, President, Switzerland</p></li><li><p>Walter Leimgruber, Dr. in Geography, Emeritus Professor in Geography, University of Fribourg/CH, Switzerland</p></li><li><p>Ruzanna Tarverdyan, PhD in Economics, 2023 PROSE Award Winning Author of Measuring Sustainable Development Goals Performance with Sten Thore, University of Cambridge, Course Ambassador for the Democratising Education for Global Sustainability and Justice (DemEd Global) programme for 2025&#8211;26, Switzerland</p></li><li><p>Magdalena Sepulveda, PhD, human rights, United Nations Research Institute for Social Development, Director, Switzerland</p></li><li><p>Heike Wach, MA Gender and Development, WIDE Switzerland (Civil Society), activist, Switzerland</p></li><li><p>Dr. Yannick Oswald, PhD in energy and carbon inequality, PostDoctoral Experience in Global Inequality and Redistribution, University of Lausanne, PostDoc, Switzerland</p></li><li><p>Nandi Joubert, MSc, epidemiology and global public health, Swiss Tropical and Public Health Institute, Switzerland</p></li><li><p>Elke Pirgmaier, PhD in ecological economics and political economy, University of Lausanne, Switzerland</p></li><li><p>Samia Hurst-Majno, Ethics, Full professor, University of Geneva, Faculty of Medicine, Switzerland</p></li><li><p>Thierry Rossier, Dr in political science. Field of expertise: elites and inequality studies, University of Lausanne, senior researcher; London School of Economics, visiting fellow, Switzerland and the UK</p></li><li><p>Joab Juma, Criminal Justice&#8212;Gender Justice, Daystar University Kenya, Syria</p></li><li><p>Rajarshi Sen, DEVELOPMENT ECONOMICS, INDEPENDENT, Tanzania</p></li><li><p>Martina M. kabisama, MEd (Master Degree in International management and Policy in Education), National Coordinator of SAHRiNGON Tanzania Chapter (SAHRiNGON == Southern Africa Human Rights NGO Network), Tanzania</p></li><li><p>Julaikha Bente Hossain, PhD; Gender and Development Studies., Asian Institute of Technology (AIT), Thailand; Affiliated Faculty and Senior Research Specialist, Thailand</p></li><li><p>Associate Professor Dr. Apirada Chinprateep, PhD in Applied Economics, National Institute of Development Administration (Views expressed are personal), Thailand</p></li><li><p>Francis Cripps, MA Economics, Alphametrics Co., Ltd., President, Thailand</p></li><li><p>Roman Balaz, PhD in Social Policy and Social Work, Masaryk University, Assistant Professor, The Czech Republic</p></li><li><p>Ingrid Robeyns, PhD Economics, MA Philosophy, scholar on the ethics of institutions, including questions of inequality., Utrecht University, The Netherlands</p></li><li><p>Huub Brouwer, Doctorate in political philosophy, Assistant Professor of Ethics and Political Philosophy, The Netherlands</p></li><li><p>Bart Engelen, PhD in Philosophy, Tilburg University, associate professor, The Netherlands</p></li><li><p>Kati Cseres, PhD, economic law and regulation, competition law and consumer protection, University of Amsterdam, Associate Professor of Law, The Netherlands</p></li><li><p>Irene van Staveren, Professor of economics, PhD, Professor of pluralist development economics at the Institute of Social Studies of Erasmus University Rotterdam, The Netherlands</p></li><li><p>Yogi Hendlin, MA in Political Science (UCLA)</p></li><li><p>PhD Philosophy (University of Kiel, Germany), Erasmus University Rotterdam, The Netherlands</p></li><li><p>Flor Avelino, Master of arts in Political Science, PhD on the role of Power in Sustainability Transitions. Specialise in the role of power in Social Innovation and in Just Sustainability Transitions, Full professor at Utrecht University, The Netherlands</p></li><li><p>Rogier van der Wal, PhD in Philosophy; Masters in Classical Studies, Ancient Cultures, General Arts and Public Administration, Professor in Ethics at Fontys UAS, Eindhoven/Tilburg, The Netherlands</p></li><li><p>Lieta Maria Papetti, Bachelor in Economics, Forced Displacement and Human Rights diploma at UPEACE, Oxfam Netherlands as finance specialist, The Netherlands</p></li><li><p>Leon P. Hilbert, PhD in Economic Psychology, University of Amsterdam, The Netherlands</p></li><li><p>Daniele Marchesi, MSc in Development Economics and currently PhD Candidate working on causes and consequences of inequality perceptions, preferences for redistribution, and life satisfaction., University of Groningen, PhD Candidate, The Netherlands</p></li><li><p>Myrto Pantazi, Phd in Psychological and Educational Sciences, Social and Political Psychology, University of Amsterdam, The Netherlands</p></li><li><p>Leticia Micheli, Economic Psychology</p></li><li><p>Social Psychology</p></li><li><p>Neuroeconomics, Assistant Professor, Leiden University, the Netherlands, The Netherlands</p></li><li><p>Amber Davis, PhD Political Science - the rise of right-wing populism, European University Institute Florence, None currently, The Netherlands</p></li><li><p>Frederik Zuiderveen Borgesius, Prof dr., research focuses on human rights in the context of new technologies, IHub, Radboud University. Professor of ICT and law., The Netherlands</p></li><li><p>Annelien de Dijn, PhD, history, Utrecht University, The Netherlands</p></li><li><p>Morten Fibieger Byskov, Lecturer in Climate Ethics, Tilburg University, The Netherlands</p></li><li><p>Carolina Sanchez De Jaegher, PhD in Philosophy, Utrecht University, the Netherlands</p></li><li><p>Elise van der Mark, PhD in Gender and Development . Field of expertise Participatory Action Research to combat gender inequality, KNAW - the Netherlands (post-doc), The Netherlands</p></li><li><p>P&#305;nar Kahya, PhD, Inonu University, Turkey</p></li><li><p>Tore Fougner, PhD International Relations (Global Political Economy), Bilkent University, Turkey</p></li><li><p>&#304;lhan Do&#287;an, Graduate qualification: Ph.D.</p></li><li><p>Fields of Expertise: Social Policies, Social Exclusion and Inclusion, Social Policies of the European Union, &#304;stanbul University, Faculty of Economics Asst. Prof., T&#252;rkiye</p></li><li><p>Brenda Wyss, Economics PhD, Professor of Economics, Wheaton College MA, U.S.</p></li><li><p>David B. Grusky, PhD in Sociology, Stanford University, Professor, U.S.</p></li><li><p>Janet Yellen, Economics, Ph.D., Brookings Institution, Distinguished Fellow, U.S.</p></li><li><p>Basil Oberholzer, PhD in economics</p></li><li><p>Macroeconomics, monetary economics, development economics, ecological economics, Associate Senior Research Scientist, Centre for Development and Environment, University of Bern, Switzerland, Uganda</p></li><li><p>Wilson Okaka, Communications (PhD), Kyambogo University, Uganda</p></li><li><p>Wilson, Masters, Makerere University, Uganda</p></li><li><p>Anna Marriott, Masters, Health and Inequality, Independent, UK</p></li><li><p>Ozlem Onaran, PhD, Economics, University of Greenwich, Professor of Economics Co-Director of Centre of Political Economy, Governance, Finance and Accountability Associate Head of the School of Accounting, Finance &amp; Economics - Research and Knowledge Exchange, UK</p></li><li><p>Jo Michell, PhD economics, Professor of economics, UWE Bristol, UK</p></li><li><p>Wendy Carlin, PhD in Economics</p></li><li><p>Macroeconomics, inequality, University College London; Professor of Economics, UK</p></li><li><p>Lucia Fry, Economic justice</p></li><li><p>Gender and education, Done, UK</p></li><li><p>Armine Ishkanian, Professor, London School of Economics, International Inequalities Institute and Department of Social Policy, Professor, London School of Economics, International Inequalities Institute and Department of Social Policy, UK</p></li><li><p>Rachel Brooks, PhD in Sociology - expertise in the sociology of education, University of Oxford, UK, UK</p></li><li><p>Professor Briony Jones, Professor of Peace and Justice, University of Warwick, UK and France</p></li><li><p>Grieve Chelwa, PhD in Economics, Associate Professor of Political Economy and Chair of Social Sciences, the Africa Institute, Global Studies University, United Arab Emirates</p></li><li><p>Martin Lorccan Duignan, MSc Equality Studies, University College Dublin, United Arab Emirates</p></li><li><p>Mike Savage, PhD in Sociology, Professorial Research Fellow, London School of Economics, United Kingdom</p></li><li><p>Peter Gatrell, BA, MA, PhD (Cambridge) Expertise in refugees and mgration, University of Manchester, Emeritus, United Kingdom</p></li><li><p>Kate Pickett, PhD, Inequality, Professor of Epidemiology, University of York, United Kingdom</p></li><li><p>Carrie Friese, PhD in Sociology with a focus on sociology of health and illness, London School of Economics and Political Science, United Kingdom</p></li><li><p>Richard Wilkinson, MSc, MA, Hon Dotorate, Emeritus Professor, United Kingdom</p></li><li><p>Clare Short, Former Secretary of State for a International Development UK, United Kingdom</p></li><li><p>Alex Bush, MSc Poverty and Development; expertise in feminist, climate, and economic justice, Oxfam GB, United Kingdom</p></li><li><p>Tariq Modood, Phd - Inequalities relating to Political Multiculturalism, Political Secularism and Cultural Racism, University of Bristol, United Kingdom</p></li><li><p>Professor Sam Friedman, PhD in Sociology and expert in class inequality, London School of Economics, United Kingdom</p></li><li><p>Dr Tania Burchardt, PhD in Social Policy; expertise in poverty and inequality, Associate Professor, London School of Economics and Political Science, United Kingdom</p></li><li><p>Dame Barbara Stocking, Master of science</p></li><li><p>Expertise as CE of Oxfam 2001 to 2013, President Emerita Murray Edwards College University of Cambridge, United Kingdom</p></li><li><p>Diane Elson, PhD Development Economics, Emeritus Professor, Department of Sociology, University of Essex, UK, United Kingdom</p></li><li><p>Pat Thane, PhD History, Visiting Professor in History, Birkbeck College, London University. Professor Emerita in Contemporary History, London University, United Kingdom</p></li><li><p>Aaron Reeves, PhD, Sociology, LSE, United Kingdom</p></li><li><p>Suzanne Hall, PhD Sociology; MSc City Design, LSE, United Kingdom</p></li><li><p>Naila Kabeer, PhD in International Development, London School of Economics, Emeritus Professor, United Kingdom</p></li><li><p>Ian Gough, MA. Climate change, inequality and social policy, LSE, United Kingdom</p></li><li><p>Ana Caistor Arendar, Masters of Science (MSc) in comparative politics at the London School of Economics, United Kingdom</p></li><li><p>Liz Pepler, PG Cert Charity Governance and MSC Charity Financial Management and Accounting (Dist)</p></li><li><p>Expertise Nonprofit Financial Resilience Building, United Kingdom</p></li><li><p>Faiza Shaheen, PhD, inequality, Executive Director, Tax Justice UK, United Kingdom</p></li><li><p>Eyob Balcha Gebremariam, PhD, expertise in political economy of development, African political economy, decolonial approaches to academic knowledge production, Research Associate, Perivoli Africa Research Centre, University of Bristol, United Kingdom</p></li><li><p>Gary Dymski, Phd in Economics - Development and macro, inequality and stratification, Professor of Applied Economics, Leeds University Business School, University of Leeds, United Kingdom</p></li><li><p>Dr Leona Vaughn, PhD Sociology, social policy and criminology, Masters Social Research, PG Certificate inequality issues, Expert in inequality within social policy for risk/harm prevention, specifically safeguarding, hate crimes and counterterrorism, University of Liverpool, United Kingdom</p></li><li><p>Danny Sriskandarajah, D.Phil, CEO, New Economics Foundation, United Kingdom</p></li><li><p>James Hampshire, PhD Politics (Oxford)</p></li><li><p>Migration and political economy, University of Sussex, Professor of Politics, United Kingdom</p></li><li><p>Richard B&#228;rnthaler, PhD; Ecological Economics, Political Economy, Lecturer at University of Leeds, United Kingdom</p></li><li><p>Sebastian Gazmuri Barker, PhD in Law</p></li><li><p>Tax policy and its impact on inequality, London School of Economics and Political Science, United Kingdom</p></li><li><p>Douglas Bamford, BA, MA, PhD in Political Philosophy, Lecturer, University of Oxford, United Kingdom</p></li><li><p>Gah-Kai Leung, PhD Politics (Warwick), MA Transnational Studies (UCL)</p></li><li><p>Expertise: political theory, disaster ethics, PPE, distributive equality, relational equality, University of Warwick, United Kingdom</p></li><li><p>Sylvia Walby, Degrees of BA, MA, and PhD in Sociology</p></li><li><p>Expertise in sociology, violence, gender relations., Professor of Criminology, Royal Holloway, University of London, United Kingdom</p></li><li><p>Jonathan R Goodman, PhD; human evolutionary studies, University of Cambridge; Wellcome Sanger Institute &#8211; Social scientist, United Kingdom</p></li><li><p>Benjamin Selwyn, PhD - Expert in international development, global value chains, global food systems, labour and development, University of Sussex, United Kingdom</p></li><li><p>Nuno Ferreira, PhD in Law, University of Law, United Kingdom</p></li><li><p>Andreas Antoniades, PhD, field: Global Political Economy, University of Sussex, UK. Professor of Global Political Economy and Sustainability, United Kingdom</p></li><li><p>Marco Ranaldi, Assistant Professor in Economics</p></li><li><p>Expertise: Economic inequality with a focus on inequality in capital and labor, from both methodological and empirical perspectives, global and nationals., University College London, United Kingdom</p></li><li><p>Gurminder K Bhambra, DPhil Sociology</p></li><li><p>Historical Sociology; specifically an engagement with the ways in which global inequalities in the present are configured by colonial histories, University of Sussex, Professor of Historical Sociology, Associate Dean for Research and Innovation in the Faculty of Social Sciences, United Kingdom</p></li><li><p>Caroline Bennett, PhD in anthropology; genocide, mass death, conflict, violence, peace-building, University of Sussex, United Kingdom</p></li><li><p>Diego S&#225;nchez-Ancochea, PhD in Economics, New School for Social Research</p></li><li><p>Specialist on inequality and social policy, Head of the Oxford School of Global and Area Studies, University of Oxford, United Kingdom</p></li><li><p>Sir Richard Jolly, Professor of Economics, Institute of Development Studies, Retiree, United Kingdom</p></li><li><p>Fiona Williams, PhD - Emeritus Professor of Social Policy - inequalities of race, gender, migration, and class, Emeritus Professor of Social Policy, University of Leeds, UK, United Kingdom</p></li><li><p>Sabrina Bowen, MSc International Development &amp; Social Anthropology, Birkbeck University, United Kingdom</p></li><li><p>Bradley Hillier-Smith, PhD in Moral and Political Philosophy, specialising in global justice, human rights, and migration ethics. , Associate Lecturer in Political, Moral, and Legal Philosophy at the University of St Andrews, United Kingdom</p></li><li><p>Alessandra Mezzadri, Inequality, Global Production, Informal Labour, Gender, SOAS, Professor of Global Development and Political Economy, United Kingdom</p></li><li><p>kevin watkins, D Phil history, London School of Economics Visiting Professor of Practice, United Kingdom</p></li><li><p>Shivani Singhal, PhD, Environmental Politics, Research Fellow, University of Leeds, United Kingdom</p></li><li><p>Duncan Green, PhD, political science, London School of Economics and Political Science, Professor in Practice, United Kingdom</p></li><li><p>Melanie Channon, PhD, Demography, University of Bath, Professor of Demography and Global Health Policy, United Kingdom</p></li><li><p>Julie MacLeavy, PhD Economic Geography, Professor, University of Bristol, United Kingdom</p></li><li><p>Jeff Powell, PhD, Economics, University of Greenwich, Associate Professor, United Kingdom</p></li><li><p>Danny Dorling, PhD (Geography), Expertise: inequality, University of Oxford, United Kingdom</p></li><li><p>Agnes Callmard, PHD Political Science, Secretary General Amnesty International, United Kingdom</p></li><li><p>Kate Raworth, Masters in Economics for Development, Senior Teaching Associate, Environmental Change Institute, University of Oxford, United Kingdom</p></li><li><p>Michael Marmot, MBBS, PhD - Epidemiology and Public Health, Director, UCL Institute of Health Equity, Professor of Epidemiology and Public Health, UCL, United Kingdom</p></li><li><p>Stewart Lansley, M.SC Inequality and poverty, Visiting Fellow, University of Bristol, UK, United Kingdom</p></li><li><p>Henrice Altink, PHD, social historians with expertise in the colonial and postcolonial Caribbean, work on development, University of York, United Kingdom</p></li><li><p>Matti Kohonen, PhD, Sociology, Executive Director, Financial Transparency Coalition, United Kingdom</p></li><li><p>Ashfaq Khalfan, Phd - International human rights law, London School of Economics, United Kingdom</p></li><li><p>Michael Vaughan, PhD in Government and International Relations, International Inequalities Institute, London School of Economics, Research Fellow, United Kingdom</p></li><li><p>Prof Sue Konzelmann, Economics, Birkbeck, University of London, United Kingdom</p></li><li><p>Paul Gilbert, PhD</p></li><li><p>Social Anthropology/Development Economics, University of Sussex, United Kingdom</p></li><li><p>Frances Stewart, D. Phil human development, horizontal inequality, conflict, University of Oxford, United Kingdom</p></li><li><p>Dr Haley Beer, PhD in Management, expert in impact measurement and social change, University of Warwick, United Kingdom</p></li><li><p>Henry Leveson-Gower, Ecological Economics, CEO, Promoting Economic Pluralism, United Kingdom</p></li><li><p>Barry Smart, BSc Sociology, PhD Social Sciences, University of Portsmouth, Professor of Sociology, United Kingdom</p></li><li><p>Ha-Joon Chang, Ph.D. Economics, SAOS University of London, United Kingdom</p></li><li><p>Eric Kemp-Benedict, PhD Physics. Fields of expertise: ecological economics, macroeconomics, economic development, economic inequality, University of Leeds, United Kingdom</p></li><li><p>Amir Lebdioui, PhD in Development economics, expertise in industrial policy and socially inclusive structural transformation models, University of Oxford, United Kingdom</p></li><li><p>Nimi Hoffmann, PhD in Social Policy, Assistant Professor, Centre for International Education, University of Sussex, United Kingdom</p></li><li><p>Jouni Paavola, PhD, Environment and Development, Climate Change Adaptation, Professor, University of Leeds, United Kingdom</p></li><li><p>Francisco H. G. Ferreira, PhD Economics, Professor, London School of Economics, United Kingdom</p></li><li><p>David Owen, PhD. Politics., University of Southampton., United Kingdom</p></li><li><p>Robert Yates, MBA, Universal Health Coverage, Health Systems Strengthening, Political Economy of Health and Health Reforms, Visiting Professor in Practice, London School of Economics and Political Science, United Kingdom</p></li><li><p>Adam Kluge, PhD (DPhil), University of Oxford</p></li><li><p>Fields: Criminology and Sociology, University of Oxford, Doctoral Candidate in Criminology, United Kingdom</p></li><li><p>Alice Damiano, PhD in Renewable Resources/Ecological Economics, Master&#8217;s Degree in International Development, Cooperation, and Environmental Studies, University of Leeds, Lecturer, United Kingdom</p></li><li><p>Mario Novelli, Professor in the Political Economy of Education, University of Sussex, United Kingdom</p></li><li><p>Stephen P. Jenkins, DPhil, Economics, London School of Economics and Political Science, United Kingdom</p></li><li><p>Ellen Helsper, Fields of expertise: the links between digital inequalities, data inequalities, and structural inequalities, as well as interpersonal relationships and communication; civic participation; and child rights in a digital age.</p></li><li><p>Qualification: PhD in Media and Communications, London School of Economics and Political Science - Professor, United Kingdom</p></li><li><p>Susan Harkness, PhD Economics</p></li><li><p>Professor of Social Policy, University of Bristol, United Kingdom</p></li><li><p>John Holmwood, PhD Sociology, Emeritus Professor of Sociology, University of Nottingham, United Kingdom</p></li><li><p>Dr Nicol&#225;s Brando, PhD - Political and Legal Theory, University of Liverpool &#8216; Derby Fellow, United Kingdom</p></li><li><p>Yann Lebeau, Doctor in sociology. Research expertise in equity of access to higher education, Professor, University of East Anglia (UK), United Kingdom</p></li><li><p>Louis Pilard, MSc in Environmental Policy, N/A, United Kingdom</p></li><li><p>Giorgos Gouzoulis, Labor Economics; Industrial and Labor Relations; Functional and Personal Income Inequalities, Associate Professor at the School of Business &amp; Management at Queen Mary, University of London, United Kingdom</p></li><li><p>Sandra Martinsone, MA International Political Economy, Bond, Policy and Advocacy Manager, United Kingdom</p></li><li><p>Molly Pugh-Jones, MSc Global Health and Development, N/A, United Kingdom</p></li><li><p>Mina Chiang, Qualification: MA Development Studies</p></li><li><p>Expertise: Counter human trafficking, Founder and Director, Humanity Research Consultancy, United Kingdom</p></li><li><p>Rochelle Burgess, PhD Social and Behavioural Sciences (Health community and development), Professor Global Mental Health and Social Justice, University College London (UCL), United Kingdom</p></li><li><p>Michael Jacobs, PGDipEcon</p></li><li><p>Macroeconomics and environmental / climate economics, University of Sheffield; Professor of Political Economy, United Kingdom</p></li><li><p>Alexander Guschanski, PhD, Economics, Associate Professor in Economics, University of Greenwich, United Kingdom</p></li><li><p>Mehmet Ugur, PhD Economics, Professor of Economics and Institutions, University of Greenwich, United Kingdom</p></li><li><p>Robert Calvert Jump, PhD Economics, Associate Professor, University of Greenwich, United Kingdom</p></li><li><p>Joseph Usher, PhD candidate, Urban Planning, London School of Economics, Research Assistant, United Kingdom</p></li><li><p>Dr Carolina Cristina Alves, PhDs, Macro and Development., UCL - IIPP, London., United Kingdom</p></li><li><p>Susan Himmelweit, PhD in Economics, Open University Emeritus Professor, United Kingdom</p></li><li><p>Simon Mohun, PhD; Economics, Emeritus Professor of Political Economy, Queen Mary University of London, United Kingdom</p></li><li><p>Ann Pettifor, International political economy, Policy Research in Macroeconomics (PRIME), United Kingdom</p></li><li><p>Kristin Surak, PhD in Sociology, London School of Economics, Associate Professor of Political Sociology, United Kingdom</p></li><li><p>Pubudini Wickramaratne, Master of Laws LLM - human rights, law, Land Rights Policy Lead - Oxfam International, United Kingdom</p></li><li><p>Luke Cooper, Political Science and International Relations (Global Political Economy)</p></li><li><p>, Associate Professorial Research Fellow in International Relations, London School of Economics and Political Science, United Kingdom</p></li><li><p>Daniel Hultgren, MA (Oxon) Philosophy, Politics &amp; Economics, Save the Children International, United Kingdom</p></li><li><p>Abhijit Dhillon, MSc Health and International Development. Community Health, Community Health Impact Coalition. Advocacy Coordinator, United Kingdom</p></li><li><p>Alejandro Farieta Barrera, PhD in International Education and Development, University of Sussex, United Kingdom</p></li><li><p>Akudo Amadiegwu, MA Social Work, Canterbury Christ Church University Senior Lecturer and MA Course Director, United Kingdom</p></li><li><p>Alya Khan, PhD, Philosophy</p></li><li><p>Expertise in social and political philosophy, health ethics, bioethics., Senior Lecturer in Health Ethics, London Metropolitan University, United Kingdom</p></li><li><p>Chris Armstrong, PhD in Politics, Professor of Political Theory, University of Southampton, United Kingdom</p></li><li><p>Amina Babirye, MSc Global Public Health and Social Justice, Brunel University, United Kingdom</p></li><li><p>Shamus Khan, PhD, Sociology, Willard Thorp Professor, Princeton University, United States</p></li><li><p>Sarah Anderson, Master&#8217;s degree and 30 years of research experience on a wide range of inequality-related issues, including wealth concentration, CEO-worker pay gaps, and labor., Institute for Policy Studies, Inequality.org co-editor, United States</p></li><li><p>Michael McQuarrie, Sociology, Arizona State University, United States</p></li><li><p>Nathan Coplin, M.A. International Diplomacy &amp; Economics; field = Development Economics &amp; Fiscal Policy, United States</p></li><li><p>Sewon Kim, PhD in Public Affairs (public finance, policy analysis), Indiana University, United States</p></li><li><p>Caren Grown, PhD, Economics, Brookings Institution, Senior Fellow, United States</p></li><li><p>Mona Ali, PhD Economics, Associate Professor of Economics, United States</p></li><li><p>Olivia Bullio Mattos, PhD, Monetary Economics, St. Francis College, Associate Professor, United States</p></li><li><p>Fadhel Kaboub, PhD in economics, Denison University, United States</p></li><li><p>M&#243;nica Unda Guti&#233;rrez, PhD in Development Studies, University of Southern California, Associate Professor, United States</p></li><li><p>Jody Agius Vallejo, Phd and Sociology: inequality, elites, migration, University of Southern California, Professor of Sociology, United States</p></li><li><p>Jos&#233; Antonio Ocampo, PhD, Economics, Professor School of International and Public Affairs, Columbia University, United States</p></li><li><p>Kathleen McAfee, Professor of International Relations with expertise in environmental and development policy, San Francisco State University, United States</p></li><li><p>Peter Bearman, PhD Sociology, Columbia University, United States</p></li><li><p>Salah Hamdoun, PhD in Innovation in Global Development. Expertisein the political economy of development, modernization, and risk, with a focus on how market expansion and digital technologies reshape social relations, inequality, and local responses to change., Visiting Affiliate Center for African Studies, United States</p></li><li><p>Juan Antonio Montecino, PhD in Economics, American University and the Institute for Macroeconomic and Policy Analysis, United States</p></li><li><p>Ignacio Gonzalez, PhD in Economics, Assistant Professor of Economics, American University, United States</p></li><li><p>Ritika Goel, Political Science PHD UC Berkeley. Status Inequality and aspirations, Harvard Kennedy School, United States</p></li><li><p>Henrique de Abreu Grazziotin, Phd Candidate in Economics, MA in Economics, University of Massachusetts Amherst, United States</p></li><li><p>Lenore Palladino, Phd, Economics, Associate Professor, University of Massachusetts Amherst, United States</p></li><li><p>Julie McCarthy, Masters in International Relations from Yale University, CEO of NatureFinance, United States</p></li><li><p>Radhika Balakrishnan, PhD in Economics, Professor Emeritus, Rutgers University, United States</p></li><li><p>Timothy Smeeding, Phd Economics</p></li><li><p>Founder and creator, Luxembourg Income Study ; Luxembourg Wealth Study, Distinguished Professor of Public Policy and Economics, U Wisconsin, United States</p></li><li><p>Severin Rapp, Economics, Economics of Inequality, Public Economics, Finance, CUNY Graduate Center, Research Associate, United States</p></li><li><p>Nora Lustig, PhD, Development Economics, Inequality and Poverty, Social Policy, Professor Emerita, Tulane University and Visiting Professor, El Colegio de Mexico, United States and Mexico</p></li><li><p>Walter Little, PhD, Anthropology with fields of expertise in economic anthropology, informal economy, and street vending., University at Albany, SUNY, United States of America</p></li><li><p>Arthur MacEwan</p></li><li><p>, Economics Ph.D.</p></li><li><p>Inequality, American Economic History, Economic Development, International Commerce, University of Massachusetts Boston, Professor Emeritus of Economics, United States of America</p></li><li><p>Irshad Ahmed, PhD (c) Health Policy &amp; Management, The University of Texas Health Science Center at Houston, Doctoral Candidate, United States of America</p></li><li><p>Luis Monroy G&#243;mez Franco, Ph.D. in Economics. Fields of expertise: Intergenerational mobility, stratification economics, and inequality of opportunity., Assistant Professor at the Department of Economics of the University of Massachusetts, Amherst., United States of America</p></li><li><p>Luis B&#233;rtola, Ph.D. in Economic History, specializing in long-run development, inequality, institutions, and technical change, with a focus on Latin America., Universidad de la Rep&#250;blica, and National Science Academy of Uruguay, Uruguay</p></li><li><p>Craig Calhoun, D.Phil.. Sociology and history., Arizona State University (University Professor of the Social Sciences); Princeton University (Recurrent Visiting Professor of Sociology), US</p></li><li><p>Thomas Pogge, PhD Philosophy, Yale, US</p></li><li><p>Carmen Barroso, PhD gender and health, Women Deliver board member, US</p></li><li><p>Bhumika Muchhala, PhD, International Political Economy, The New School; Position: Adjunct Professor in Global Governance, US</p></li><li><p>Kimberly Kay Hoang, Sociology- Global Movement of Wealth, University of Chicago, US</p></li><li><p>Christopher Winsihp, Sociology, Harvard Diker-Tishman Research Professor of Sociology, US</p></li><li><p>Esfandiar Maasoumi, Ph.d, Economics, Emory University, USA</p></li><li><p>Philip Alston, JSD (Docorate in law). Expertise in international law, human rights, and the political economy of rights., New York University, John Norton Pomeroy Professor of Law, USA</p></li><li><p>Sourushe Zandvakili, Phd, Inequality and Welfare Economics, and Labor Economics, Professor Emeritus, Department of Economics, University of Cincinnati, USA</p></li><li><p>Stephanie Seguino, PhD Economics, specialist in inequality, University of Vermont, USA</p></li><li><p>Yavuz Yasar, Ph.D. in Economics, University of Denver, Professor, USA</p></li><li><p>Sarah Cliffe, International Economic Policy; Politics of inequality and practical solutions, Distinguished Fellow, Center on International Cooperation, New York University, USA</p></li><li><p>Mary C King, PhD Economics, Professor of Economics Emerita, Portland State University, USA</p></li><li><p>Meredeth Turshen, D Phil Political Economy dissertation on the Political Economy of Health with a case study of Tanzania; expertise in global health, Rutgers, the State University of New Jersey, retired Professor, USA</p></li><li><p>G&#252;nseli Berik, PhD, Economics, University of Utah, Professor Emerita, USA</p></li><li><p>James K. Galbraith, PhD, Economics, Yale University, 1981. Measurement of inequality., The University of Texas at Austin. Lloyd M Bentsen, jr. Chair in Government/Business Relations, LBJ School, and Professor of Government, USA</p></li><li><p>Michael Ash, Economics (labor and environment with a focus on inequality; quantitative methods), University of Massachusetts Amherst (USA); professor of economics and public policy, USA</p></li><li><p>Patricia Welch Saleeby, Phd and MSSA, Social Work, Bradley University, IFSW Regional Representative, WHO FDRG Co-Chair, USA</p></li><li><p>Geoffrey Wodtke, PhD in Sociology, University of Chicago, Professor of Sociology, USA</p></li><li><p>Kaushik Basu, PhD (London School of Economics)</p></li><li><p>Field of expertise: Development Economics, Game theory, Law and economics, Cornell University. Carl Marks Professor of International Studies, USA</p></li><li><p>Alison M Jaggar, Ph.D. philosophy., expert in gender and global justice, Emerita professor of distinction at the University of Colorado Boulder, USA</p></li><li><p>Isabella Weber, PhD Economics, PhD Development Studies, University of Massachusetts, USA</p></li><li><p>Mary Eschelbach Hansen, PhD Economics, American University, USA</p></li><li><p>Debra Satz, PhD in philosophy, Stanford University, USA</p></li><li><p>Renata Serra, PhD Economics, with a focus on Development Economics and African Studies, University of Florida, Instructional Professor in the Center for African Studies, USA</p></li><li><p>Daren Acemoglu, PHD Economics, Professor, MIT, USA</p></li><li><p>Samuel Bowles, PhD in economics, Professor, Santa Fe Institute, USA</p></li><li><p>Thomas Masterson, PhD in Economics</p></li><li><p>Poverty and Inequality Analysis and Measurement, Race and Gender, Levy Economics Institute of Bard College, New York, USA, USA</p></li><li><p>Hassan Mujtaba, Phd student in Economics (with a focus on Political Economy and Development), University of Massachusetts, Amherst, USA</p></li><li><p>Mwangi wa Githinji, Ph.D. Economics, Associate Dean - University of Massachusetts-Amherst, USA</p></li><li><p>Gerald Epstein, PhD Economics, University of Massachusetts Amherst, USA</p></li><li><p>Ha Nguyen, Economics PhD, UMass Amherst Economics Department, USA</p></li><li><p>Peter Skott, Economics, University of Massachusetts Amherst, USA</p></li><li><p>LEONCE NDIKUMANA, PhD, Economics, Distinguished Professor of Economics, University of Massachusetts Amherst, USA</p></li><li><p>Lawrence King, PhD Sociology, Political Economy, Economics, Professor of Economics University of Massachusetts Amherst, USA</p></li><li><p>James Heintz, PhD Economics, University of Massachusetts, Amherst, USA</p></li><li><p>Martin Guzman, PhD in Economics, Professor, Columbia University School of International and Public Affairs, USA and Argentina</p></li><li><p>Nguyen Thi Ngoc Mai, Pursuing Master&#8217;s in International Law at the University of Bristol (UK), researcg focuses on rights-based approaches to legal and institutional reform,., University of Bristol, United Kingdom, pursuing a Master&#8217;s in International Law; Community Impact Team Member at University of Bristol Law, Vietnam/UK</p></li><li><p>Clement Kasonde, Bachelor of Laws, Labour Institute of Zambia, Research Officer, Zambia</p></li><li><p>Nicola Harford, MA Rural Social Development; media and communications for development, Managing Director, iMedia Associates, Zimbabwe</p></li><li><p>Olga Cant&#243; S&#225;nchez, Doctorado en Econom&#237;a, Universidad de Alcal&#225;, Catedr&#225;tica de Econom&#237;a, Spain</p></li><li><p>Miguel Artola Blanco, Doctor en Historia - Historia Econ&#243;mica, Universidad Carlos III de Madrid, Spain</p></li><li><p>Juan Antonio Gimeno, Doctor en Derecho y Econom&#237;a, UNED - Economistas sin Fronteras..., Spain</p></li><li><p>Atilio Alberto Boron, Ph. D., en ciencia pol&#237;tica, Universidad de Buenos Aires, Facultad de Ciencias Sociales, profesor consulto, Argentina</p></li><li><p>Ver&#243;nica Grondona, Lic. en Econom&#237;a, doctoranda en Desarrollo Econ&#243;mico. Especialista en Fiscalidad Internacional, ICRICT - Senior Advisor on International Tax; CCC - investigadora; ETFE - miembro - Iniciativa por los Derechos Humanos en la Pol&#237;tica Fiscal, Argentina</p></li><li><p>Lamia Oualalou, Economia, EU Tax Observatory / General Manager, Francia</p></li><li><p>Daniela Vilar, Magister en Pol&#237;ticas P&#250;blicas - Ministra de Ambiente de la Provincia de Buenos Aires, Ministra de Ambiente de la Provincia de Buenos Aires, Argentina</p></li><li><p>Mariana Matamoros C&#225;rdenas, Economista, especialista en econometr&#237;a y con maestr&#237;a en econom&#237;a, Centro de Estudios de derecho, justicia y sociedad - Dejusticia / Investigadora principal de justicia fiscal, Colombia</p></li><li><p>Adriana Puiggr&#243;s, Doctora en educaci&#243;n, Universidad Pedag&#243;gica Nacional; Universidad de Buenos Aires, Argentina</p></li><li><p>Luiza Nassif Pires, Feminist economics, Director research center on macroeconomic of inequalities, Brasil</p></li><li><p>Oliver Pardo, Doctor en Econom&#237;a, Pontificia Universidad Javeriana, Colombia</p></li><li><p>Alejandro Gaggero, Doctor en Ciencias Sociales (Universidad de Buenos Aires), Coordinador del &#225;rea de Justicia Fiscal de la Asociaci&#243;n Civil por la Igualdad y la Justicia (ACIJ), Argentina</p></li><li><p>Mercedes Marco del Pont, Desarrollo econ&#243;mico, Fundaci&#243;n de Investigaciones para el Desarrollo (FIDE), Argentina</p></li><li><p>Andr&#233;s Celis, Economista, especializado en pol&#237;tica fiscal, y agua y saneamiento., Sin afiliaci&#243;n, Colombia</p></li><li><p>Paul Segal, Professor of Economics, specializing in the economics of inequality and economic development, IAE Business School, Austral University, Argentina</p></li><li><p>Laura de Pablos Escobar, Doctora en Econom&#237;a, Universidad Complutense de Madrid, Espa&#241;a</p></li><li><p>Rafael Carranza, PhD in Social Policy; Inequality measurement, social mobility, labour markets., Escuela de Gobierno, Universidad Cat&#243;lica de Chile. Profesor Asistente, Chile</p></li><li><p>Liliana Heredia Rodr&#237;guez, Contadora P&#250;blica. Trabajo en temas trubutarios., Pontificia Universidad Javeriana, Colombia</p></li><li><p>Cecilia Todesca Bocco, Economista y Magister en Pol&#237;ticas P&#250;blicas, Ninguna, Argentina</p></li><li><p>Tom&#225;s Leighton, Sociologo, Director Ejecutivo de Rumbo Colectivo, Chile</p></li><li><p>Ricardo Mart&#237;n, Licenciado en Econom&#237;a por la Universidad de Buenos Aires. Macroeconom&#237;a, Grupo Paternal. Buenos Aires, Argentina., Argentina</p></li><li><p>Juan Felipe Caicedo, Polit&#243;logo - Especialista en Pol&#237;tica Urbana, C40 Cities - Gerente de Proyectos de Planeaci&#243;n y Dise&#241;o Urbano., Bogot&#225;, Colombia</p></li><li><p>Candelaria Botto, Economista, especializada en genero, Directora de ecofeminita, Argentina</p></li><li><p>Mariano Montes, Lic. en Ciencia Pol&#237;tica, Director de Interra (UNLZ). Docente en UBA, UNAB y FLACSO., Argentina</p></li><li><p>Rafael Grasa Hern&#225;ndez, Dr Relaciones Internacionales Desarrollo y seguridad, Universidad Aut&#243;noma de Barcelona, Spain</p></li><li><p>Luis Buend&#237;a Garc&#237;a, Doctor en Econom&#237;a Internacional y Desarrollo, Profesor Titular. Universidad de Le&#243;n, Spain</p></li><li><p>Clara Martinez-Toledano, Doctorado en Econom&#237;a, Econom&#237;a de la Desigualdad, Finanzas P&#250;blicas y de los Hogares, Assistant Professor en Imperial College London Business School y Wealth Distribution Coordinator at World Inequality Lab, United Kingdom</p></li><li><p>Ignasi Mart&#237;, PhD in Management Studies, area de especializaci&#243;n: precariedad, exclusi&#243;n, innovaci&#243;n social, ESADE Business School - Universitat Ramon Llull, Spain</p></li><li><p>Luis Molina Temboury, Economista. Estad&#237;stico analista, miembro de Economistas Frente a la Crisis, Spain</p></li><li><p>Mohamed Lamine YOULA, Relations Internationales, Charg&#233; d&#8217;Etudes des Relations Multilat&#233;rales au Minist&#232;re des Affaires &#201;trang&#232;res, de l&#8217;int&#233;gration Africaine et des Guin&#233;ens Etablis &#224; l&#8217;Etranger, Guin&#233;e</p></li></ul>]]></content:encoded></item></channel></rss>