Written by Blerim Mustafa
Inequalities in income and wealth are often blamed for the deepening anxieties of the middle class in many developed economies. Market power among business elites and multinational companies – in pursuit of higher profits – are one of the key drivers to inequality as access to resources remain in the hands of powerful business groups, and not in the hands of the people and their elected representatives. Serious doubts are therefore raised on the claims that globalization, technological developments and the “invisible hand” of capitalism and economic liberalism have liberated humans from disease, poverty and inequality.
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