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From Davos, A Plan to Fight Income Inequality

Jim Yong Kim's picture

DAVOS — The theme of this year's World Economic Forum here involves income inequality and how to close the wide gap between rich and poor. I think this is a smart choice for the meeting, which attracts some of the most powerful and wealthiest people in the world. But to battle income inequality, you need a serious plan. Watch this video from Davos to hear what we recommend as a smart plan of action.

Comments

Submitted by Culture Clash on

Income inequality is not some accident of nature. It is driven by firms such as Goldman Sachs, HSBC and the other behemoths which game the financial system to their own benefit. I really don't expect anyone at Davos to care about income inequality when their actions as business leaders are what has created income inequality. If banks stopped squeezing every nickle of fees from the average joe, inequality would decline along with corporate profit. If CEOs weren't paid 700x the average worker there would be less inequality. It is naive at best to expect the fox the save the hens.

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