Middle Class

OPINION: Banks, Inequality and Citizens

Every day we receive striking data on major issues which should create tumult and action, but life goes on as if those data had nothing to do with people’s lives.

Kenya’s Economy Sees Growth at Top But No ‘Trickle-Down’

David Kamau is a small-scale maize farmer in Nyeri, Central Kenya, some 153 kms from the capital Nairobi. He recently diversified into carrot farming but is still not making a profit.

Surprisingly Equal, Surprisingly Unequal

Thomas Piketty, a French economist who works on wealth and income inequality, has triggered a debate on the distribution of income and wealth in many countries. This is no small issue because views on income inequality and concomitant redistributive preferences are crucial to the design of tax and transfer systems.

Brazil’s ‘Rolezinhos’ Want Room in the Palaces of Consumerism

They poured into shopping malls en masse to have some fun. But the reaction, a mixture of fear, admiration and heavy-handed repression, brought a new youth movement into being in Brazil: the “rolezinhos.”