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The Latest Breaking News from Inequality

India Inc. is profitable. So why isn’t it investing?

Indian companies are making record profits, but they are not investing in new factories or infrastructure. This is creating fewer jobs and increasing inequality. Unlike China, which invests heavily, Indian businesses are hesitant. This trend risks trapping India in scarcity. Leaders must decide on a path towards mass affluence now.

The Economic Times

The politics of intergenerational wealth inequality

Letters: Dr Rajiv Prabhakar assesses the best age at which grants should be provided to young people, while Jeremy Galtress argues against redistribution

The Guardian - UK

Police surround violent rioters amid anti-G7 protest

An anti- G7 protest in Geneva has turned ugly, with police using tear gas and water cannons in violent clashes with stone-throwing youths.

AAP

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The $700 Billion Jump: How Donald Trump's Election Propelled Elon Musk to Trillionaire Status

Elon Musk's net worth surpassed 11 trillion after SpaceX's Nasdaq debut, sparking political debate on wealth inequality led by Bernie Sanders and other politicians.

International Business Times UK

Mamdani Reignites Tax Debate On X As SpaceX IPO Vaults Musk As World's First Trillionaire

Elon Musk's SpaceX IPO makes him the first trillionaire, prompting NYC Mayor Zohran Mamdani to renew calls for taxing the ultra-wealthy, highlighting ongoing debates on wealth inequality.

International Business Times

Elon Musk Humiliated: Zohran Mamdani Blasts Tesla CEO as SpaceX IPO Creates World's First Trillionaire

Elon Musk's SpaceX IPO makes him the first trillionaire, prompting NYC Mayor Zohran Mamdani to renew calls for taxing the ultra-wealthy, highlighting ongoing debates on wealth inequality.

International Business Times UK

Quote of the day by Karl Marx: "One day there will be trillionaires, but you will still have nothing." — What did Marx reveal about wealth inequality, capitalism, and the future of money? A wealth quote that offers powerful lessons on building lasting prosperity beyond money

Quote of the day by Karl Marx reveals a deeper truth about wealth inequality, capitalism, and society. His warning about future trillionaires explores how economic growth, technology, and power can change human lives. Karl Marx’s philosophy pushes readers to question success, money, and fairness. This timeless quote remains relevant as…

The Economic Times

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SpaceX IPO makes Elon Musk the world's first trillionaire

At a time when concerns about inequality are high and public attitudes toward the ultra-wealthy have soured, Musk has managed to retain a loyal following despite his stratospheric net worth and without the folksy persona that endeared other tycoons such as Warren Buffett to the masses.

The Economic Times

The Economist Who Wants To Make the World Poorer

Thomas Piketty's plan is a comprehensive program for global managed decline dressed up in the language of climate justice and equality.

Reason

'This is inequality': Canberra juniors table powerful petition as ACT Minister raises sexism concerns

"We're sending the wrong message to young women."

The Canberra Times

UK gender pay gap could take another 30 years to close – despite decade of reporting

Scrutiny of pay inequality is growing across the UK and Europe

The Independent UK

Global taskforce releases draft framework for social disclosure

In this week’s edition of Economy and Society:

Ballotpedia

Social cohesion means different things to Clark and Luxon, both flawed

Comment from Auckland University: The concept is a distraction from more material concerns of inequality and its effects, writes Dr Nicolas Lewis.

Newsroom.co.nz

Wealth inequality

Re: "Nominee structures thrust into the spotlight", (Business, June 6).

Bangkok Post

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Radio France Internationale

Oxfam warns Europe’s corporate giants are fuelling inequality

Europe’s biggest companies are paying more than two-thirds of their profits to shareholders on average, diverting money that could otherwise support investment, climate action and workers’ wages, according to Oxfam.

Euronews

Seven-time F1 world champion Lewis Hamilton facing backlash over anti-billionaire comments

A three-year-old interview with Lewis Hamilton has resurfaced online, which has prompted fresh conversation about society’s wealth gap, inequality, and for some, tone-deaf hypocrisy. Especially considering who his date was in Monaco last weekend...

The Economic Times

Education policy failure is being dressed up as innovation, employer abdication as a skills gap

Indian universities are failing to equip graduates with needed skills. Private firms now offer expensive courses, creating a barrier for many. This practice disadvantages first-generation students. Employers once provided on-the-job training. Now, graduates must pay for certifications. This system replicates inequality. Universities and employers must collaborate to ensure affordable skill…

International Business Times UK

'You Shouldn't Have Billions': Lewis Hamilton Sparks Backlash Over Wealth Comments as Girlfriend Kim Kardashian's Net Worth Hits $1.9B

Lewis Hamilton faces public backlash over wealth inequality comments while dating newly minted $1.9 billionaire mogul Kim Kardashian, leading to accusations of hypocrisy.

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The Economic Times

Lewis Hamilton and Kim Kardashian are worth $2,450,000,000 combined; his 'billionaires shouldn't exist' remark is going viral

Seven-time Formula One champion Lewis Hamilton has faced online backlash after his past comments on wealth inequality resurfaced. Hamilton, with an estimated net worth of $550 million, argued that no individual should accumulate billions while poverty persists. The debate intensified due to his reported relationship with Kim Kardashian, who is…

Radio France Internationale

Could tackling climate change and levelling inequality go hand in hand?

The world can raise income, reduce inequality and limit global warming, according to an ambitious roadmap presented this week by economists in France. Making the case for a radical transformation of economies and lifestyles, they call on rich countries to slow growth, phase out fossil fuels and tax the wealthiest…

The Economic Times

India to surpass China in share of global GDP by 2060: Report

India is set to overtake China in global economic power by 2060. A new report indicates China's GDP share will decline in the latter half of this century. India's population growth and economic expansion are key factors. This shift signals a multipolar world order for the 21st century. The global…

The Guardian - UK

‘Happiness is not just about GDP’: ambitious plan or utopia?

Some will question its credibility – but the alternative future to the one imagined in the Global Justice Report is far more bleak

The Guardian - UK

‘An equal and habitable world is possible’: academics set out sweeping vision for planetary survival

Global report provides an alternative to climate breakdown, political extremism and economic tensions

The Guardian - UK

A good life for the 99% isn’t a pipe dream: it can be done. Here’s how

Our plan is radical – but by transforming how we live on a finite planet, nearly everyone gains, says Thomas Piketty and researchers from the World Inequality Lab

France 24

Oddone hails EU-Mercosur accord's 'civilisational approach' beyond commercial and economic interests

François Picard is pleased to welcome Gabriel Oddone, economist, professor and Uruguay's Minister of Economy and Finance. He offers a striking defence of the social democratic model at a moment when much of Latin America appears to be embracing hard-right socio-political and economic policies.

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