Covid-19 vaccines have created at least nine new billionaires after shares in companies producing the shots soared. Topping the list of new billionaires are Moderna … Covid vaccine profits mint 9 new pharma billionairesRead more
Inequality
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When We Give Rich People Money, Why Does Inequality Surprise Us?
In recent weeks there have been several articles noting the enormous wealth that a small number of people have made off of the vaccines and … When We Give Rich People Money, Why Does Inequality Surprise Us?Read more
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Wealthy Countries ‘Drained’ $152 Trillion From the Global South Since 1960
the U.S., Canada, Australia, New Zealand, Israel, Japan, South Korea, and the rich economies of Europe appropriate $2.2 trillion worth of resources and labor—embodied in … Wealthy Countries ‘Drained’ $152 Trillion From the Global South Since 1960Read more
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Why rich parents have rich children
The children of rich families tend to go to better quality schools, have higher cognitive skills, and complete more years of schooling. This column exploits … Why rich parents have rich childrenRead more