Inequality is bad for everyone - even the rich - and here's the Morgan Stanley report to prove it
Nov 25, 2015, 19:17 IST
Here is Morgan Stanley's new ranking of the most-equal, and least-equal, rich countries:
The highlights:
- Inequality in the US is about the same as Portugal, Italy, Greece and Spain - countries that in Europe are regarded as economic basket cases.
- There is a wide gulf between Germany and France, the two big economies that neighbour each other at the heart of Europe. The UK sits between them.
- Those cliches about Northern Europe and Scandinavia? Basically true.
- Internet access is a good proxy for inequality. The more people have it, the more equal a society is likely to be.