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Volume 53, May/June 2018, Number 3 · pp. 158-163

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Myths and Facts About Inequality

Marcel Fratzscher

The remarkable political polarisation in much of the Western world in recent years has been a rude awakening for political and economic elites. Populism and political polarisation were considered impossible only ten years ago. But the rise of governments pursuing increasingly nationalistic policies, coupled with strong right-wing and left-wing extremist parties, has affected most Western countries. It has also induced soul-searching for the causes of an growing dissatisfaction among citizens. There is increasing evidence that the rise in economic and social inequality has played a major role in these political developments.

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