this post was submitted on 09 May 2025
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Who woulda thought the most capitalist developed nation on earth would also have the most inequality?
It's almost like thats a features of unfettered capitalism, not a bug.
https://en.wikipedia.org/wiki/List_of_countries_by_income_inequality
More recent data from Our World in Data.
The only countries with a higher Gini coefficient after taxes (higher=more inequality) are Mexico, Turkey, Brazil, Costa Rica and Chile.
https://ourworldindata.org/income-inequality-before-and-after-taxes
Is this adjusted for GDP per capita? Because apparently US workers are the most productive in the world so they really should be all doing well
... but we're far from the most unequal nation on earth?
Inequality is a feature of capitalism, but it's not as simple as a linear relationship between the development of capitalism and inequality.
Among developed countries. The situation is low and middle income countries is very different and not comporable.
Goverment regulation to protect the working class and promote unions is the remedy for this which the US is sorely lacking.
Definite agree here.
Wait 12-18 months.