Growing Global Inequalities Flashcards
(12 cards)
8 billionaires have the same wealth as…
The Poorest 3.6 billion people
Example of even income Distribution
Sweden - Gini 23
Example of uneven income distribution
Namibia - Gini 70.7
Taxations role in income distribution
Greater Tax rates allow for a more even distribution
Bolivia
Challenged the free market philosophy
Evo Morales
First president of Bolivia to come from an indigenous population. Served since 2006.
The pink tide
Bolivia Kicked out ________
US TNC Bechtel as they had privatised the water
2002
Bolivia Nationalised _______
the country’s oil and gas industries 2007
Bolivia Expelled US ____________
Agencies and ambassadors and called Barack Obama an imperialist
Affect on the poorest 10% (BOLIVIA)
15% richer
Affect on the richest 10% (BOLIVIA)
0.1% richer