Redistribution, inequality, and sustainable growth | vox
For once, I can agree with IMF stance, though these ideas are little reflected in their policies. The point is redistribution is actually necessary to pursue efficient growth policies. There is no evidence of trade off and we see the results when there is less redistribution because of the myopia of austerity policies. The widening of inequalities is a source of unsustainable development.
This is why we need a new deal for Europe.
For once, I can agree with IMF stance, though these ideas are little reflected in their policies. The point is redistribution is actually necessary to pursue efficient growth policies. There is no evidence of trade off and we see the results when there is less redistribution because of the myopia of austerity policies. The widening of inequalities is a source of unsustainable development.
This is why we need a new deal for Europe.
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