World Inequality Report: India Stands Out as a Very Unequal Country
According to the World Inequality Report 2022, the levels of wealth and income inequalities in India are among the worst that prevail in the leading countries of the world.
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Editor: Dr. G.G. Parikh | Associate Editor: Neeraj Jain | Managing Editor: Guddi
According to the World Inequality Report 2022, the levels of wealth and income inequalities in India are among the worst that prevail in the leading countries of the world.
A recent report by International IDEA, an inter-governmental think tank, finds that “70% of the global population now live either in non-democratic regimes or in democratically backsliding countries”. The report cites Brazil, India and the United States as the biggest backsliders globally.
The near relentless bull run on India’s stock markets seems to be faltering, with signs of a descent from recent peaks. While short-term international and domestic developments are blamed for that reticence, there is a more serious fear keeping policy makers and central bankers awake.
Unlike in the Lok Sabha where the BJP enjoys a comfortable majority, stalling proceedings in the Rajya Sabha are in the prime minister’s best interests. But dismantling the upper house and painting opposition MPs as villains may serve to unite the opposition against the ruling dispensation.
In its complaint filed with the United Nations on Sunday, the coalition of nursing unions argues that the proliferation of variants is a predictable outcome of rich nations’ refusal to “distribute vaccines and treatments equitably to the vast majority of people of low- and moderate-income countries.”
We should avoid offering a fatalistic worldview. In fact, the environmental movement in general and ecosocialism in particular are all about combating the current trend toward ecological destruction. Climate change is now “code red for humanity.” This is not a doomsday forecast but a call to action.
Allowing new variants to emerge and spread, 13 months into the vaccine era, is a policy choice by the rich world.
As rich countries hoard doses and Big Pharma refuses to share the knowledge required to ramp up manufacturing, Cuba’s public biotech sector could play a key role in defeating vaccine apartheid.
The World Health Assembly Special Session in November will be considering the benefits of developing a new international instrument on pandemic preparedness and response. Rich countries are using the opportunity to sideline discussions on equity in public health.
The repeal of the three farm laws came about not because the PM failed to ‘persuade’ some farmers, but because many farmers stood resolute, even as a craven media devalued their struggle and strength.
Janata Weekly is India’s oldest independent socialist weekly.
Ever since its founding in 1946, Janata has voiced its principled dissent against all conduct and practice that is detrimental to the cherished values of nationalism, democracy, secularism and socialism, while upholding the integrity and the ethical norms of healthy journalism. For more than seventy years now, week after week, it has continued to analyse the changes taking place in the country and the world from a socialist standpoint, and thus promote the spread of socialist ideology in the country.
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