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As rich-poor divide widens between nations, UN urges reform

As rich-poor divide widens between nations, UN urges reform
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Work V. Wealth: Capital Gains Tax, Explained

The capital gains tax. The Biden administration wants to raise it. But why is capital taxed less than work to begin with? ....

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[EVENT | April 14] Spring Issue Launch: Global Economic Disorder

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Common migration routes from East Africa to Europe. Route information adapted from the International Organization for Migration, August 2015, by Colin Kinniburgh. Countries party to the Khartoum process are shaded in orange (note: not all shown on this map).
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At the 1936 International Conference of Business Cycle Institutes, sponsored by the Austrian Institute for Business Cycle Research, Vienna. Ludwig von Mises is seated in the center with mustache and cigarette. Gottfried Haberler also pictured, at right. (Source)
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In 1896, William Jennings Bryan, a Democrat from Nebraska, ran for president on a fusion ticket with the Populist Party. This cartoonist from a Republican magazine thought the âPopocraticâ ticket was too ideologically mismatched to win. Bryan did lose, but his campaign, the first of three he waged for the White House, transformed the Democrats into ....

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Another Lost Decade? | Dissent Magazine

Illustration by Molly Crabapple
The global economy suffered an unprecedented shock during the COVID-19 pandemic. According to the International Labour Organization, the number of work hours lost in 2020 was the equivalent of 255 million jobs, four times greater than losses during the crisis in 2009. Poor workers, especially those not able to work remotely, were hit especially hard. According to the United Nations, world gross product fell by an estimated 4.3 percent in 2020âthe sharpest contraction of output since the Great Depression, and more than double the output drop of 1.7 percent in 2009, during the Great Recession. The International Monetary Fund now estimates that global trade contracted by 9.6 percent in 2020 thanks to the pandemic. ....

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