Studies Thinktank and Everybody

sir: Sir Angus Deaton, the Nobel prize-winning economist who is leading a five-year review of inequality with the leading Institute for Fiscal Studies thinktank, said There is this feeling that contemporary capitalism is not working for everybody, according to The Guardian. There's a sense that London is gobbling up everything and there are cities that are doing OK, but there are large parts of the country where that's not the case at all. While growth powered ahead in the second half of the 20th century, and resumed more fitfully after the 2008-09 financial crisis, there have been major winners and losers from the wealth generated. There are a host of causes, including fiscal policy, technology, globalisation, deregulation, education, emasculation of trade unions and austerity. According to the International Monetary Fund, the balance has been redressed more recently, reflecting strong growth in many developing nations, particularly China and India. What about globally During the 19th and for much of the 20th century, inequality between countries rose dramatically as the world's most advanced economies pulled ahead from poorer nations. (news.financializer.com). As reported in the news.