The Distribution of Income and Wealth within States Since the Beginning of the Twentieth Century

Abstract

This is an open access chapter distributed under the terms of the CC BY-NC 4.0 license. chapter 2 The Distribution of Income and Wealth within States Since the Beginning of the Twentieth Century Changes and Effects[M] uch of the world has entered what could become the next long stretch-a return to persistent capital accumulation and income concentration. If history is anything to go by, peaceful policy reform may well prove unequal to the growing challenges ahead. But what of the alternatives? All of us who prize greater economic equality would do well to remember that with the rarest exceptions, it was only ever brought forth in sorrow. Be careful what you wish for.