"If our best chance for a global household of justice is the democratisation of the economy, this would require radical changes in the way we form, accumulate, and distribute capital."
In the last fifty years, we have witnessed a significant decoupling of the added value increases produced in our economies from real wages. Economic inequality is on the rise, and while re-distributive policies do not seem to be very effective in tackling this challenge, pre-distribution appears to be a much more effective policy. Europe is not immune to inequality trends, with recent reports on wealth inequality painting a worrying picture for European economic cohesion. However, while many point to income disparities and home ownership to explain wealth inequalities, we often forget about one of the leading causes of inequality: inequality in capital ownership.
What are alternative strategies for tackling economic inequality? How can the market economy be nudged into a more socially, environmentally, and economically sustainable direction so that income and wealth would be more equally distributed on the market even before redistribution occurs?
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