Welcome to 'Wealth Inequality Across the Globe' With Professor Li Chunling, Professor Louis Chauvel, Sventlana Mareeva, Professor Celi Scalon, Professor Kwang-Yeong Shin and @MikeSav47032563
The theme today is to understand how we respond to the challenge of intense inequality in many parts of the world. Today we have a group of sociologists who want to respond to the challenge economists have laid down. @MikeSav47032563
Professor Louis Chauvel lays out the debate. Why is wealth crucial now? Compared to income there is no middle class of wealth, you have simply a mass of people with no wealth or negative wealth.
Professor Louis Chauvel: In France you would need 123 years of accumulated average income to reach the wealth of the top 1%. This is a problem for the middle class, but it is even worse for the working class
The need for multi-thematic international comparisons: Today is an opportunity to discuss wealth inequality across the globe.