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The great divide of income inequality: a domestic crisis on the world’s stage







By Marc H. Morial

Guest Commentator


“Income inequality” has become the political buzzword of 2014. President Obama, most recently in last week’s State of the Union Address, has made it a central theme of his second term. Both progressive Democrats and conservative Republicans in Congress are making it a focus of this year’s mid-term elections, and leading voices for human rights have called on government and business leaders to take immediate action to close the income gap for the sake of long-term economic and social stability. Two weeks ago, as the world’s elite — leaders from government, business and NGO sectors — gathered in Davos for the World Economic Forum’s (WEF) annual meeting, the issue of inequality was atop the agenda. WEF’s Global Risks 2014 report recently revealed that the “chronic gap between the incomes of the richest and poorest citizens is seen as the risk that is most likely to cause serious damage globally in the coming decade.”

Another voice was added to the chorus when the British-based anti-poverty organization, Oxfam International, released a report in advance of the Davos gathering, revealing that the richest 85 people in the world control as much wealth as the bottom half of the global population – about 3.5 billion people. Continue Reading →

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