It Is Inequality, You Foolish!

It is clear that inequality, to a much worse extent when coupled with poverty but also without it, generates scary consequences in societal functioning. From the ethical, economic, political and social points of view, inequality is rooted in almost all contemporary problems: injustice and affront to the dignity of individuals; deterioration of social cohesion; increased insecurity; threatened governance; disruption of organic growth with side effects of financial bubbles leading to recurrent crises; irresponsible consumerism; environmental deterioration; nihilism and devaluation of life; opportunity gaps and reproduction of privileges; circumstances that encourage aggravated criminal systems, to mention only the most serious ones. And, in spite of all that, the interests and foolishness of certain groups allow inequality to keep following a path leading deep down into hurricane zones.

From whatever viewpoint inequality is present, but even today, notwithstanding the slow recovery of affluent countries and their costly bailout operations, there are some who elaborate crisis exit strategies without making a priority, or having a firm determination to eradicate inequality. In the best case scenario, they think that “later on” there will be time to face those other challenges, unaware of the fact that inequality is not only one effect of the path taken but also one of the main causes of the blind alley where the crisis led to. They waste the opportunity to deactivate a very harmful element causing the destabilization of global and national development. It is to them that the title of this note is dedicated: It is inequality, you foolish!

In addition to warning about the consequences of failing to adjust the course, it is important to establish coalitions that are capable of bringing about and managing changes. While some statesmen and stateswomen work in this direction, a good number of political and economic leaders remain tied to their mean-spirited agendas, more concerned about their personal than the collective fate. It is necessary to sift the wheat from the chaff, orienting the immediate course of action with a mid-term vision resulting from a renewed strategic thinking. With rusty compasses it will be very difficult to set and maintain the desired course. In this issue of Opinión Sur we address this question, in addition to two subjects of utmost importance: the intimate linkage between regressive tax structures and inequality reproduction, and the challenges, lessons and opportunities that China offers us.

Until our next issue.

Cordial greetings,

The Editors

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