Changes in Official Poverty and Inequality Rates in the Anglophone World in the Age of Neoliberalism
This article reviews the evolution of inequality and poverty in the Anglophone countries (the United States, the United Kingdom, Canada, Australia, New Zealand and Ireland) since the shift to neoliberal economic policies in the late 1970s. It provides brief summaries of the key definitions of inequa...
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| Format: | Article |
| Language: | English |
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SAES
2019-04-01
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| Series: | Angles |
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| Online Access: | http://journals.openedition.org/angles/560 |
| _version_ | 1828475725155401728 |
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| author | Nicholas Sowels |
| author_facet | Nicholas Sowels |
| author_sort | Nicholas Sowels |
| collection | DOAJ |
| description | This article reviews the evolution of inequality and poverty in the Anglophone countries (the United States, the United Kingdom, Canada, Australia, New Zealand and Ireland) since the shift to neoliberal economic policies in the late 1970s. It provides brief summaries of the key definitions of inequality and poverty, which are separate but related phenomena. The article confirms the general impression that inequality has risen more quickly in this country group than in other developed countries. This is especially so for the United States, although Ireland is a notable exception with unchanged inequality levels. The article goes on to identify key policy characteristics of neoliberalism which have favoured capital over labour, and how they have contributed to consolidating the economic structure of these countries as “liberal market economies”. This in turn has impacted inequality, especially through strong cuts in top income tax rates. |
| first_indexed | 2024-12-11T06:17:22Z |
| format | Article |
| id | doaj.art-370b0bc9563540f884cfa224c2781702 |
| institution | Directory Open Access Journal |
| issn | 2274-2042 |
| language | English |
| last_indexed | 2024-12-11T06:17:22Z |
| publishDate | 2019-04-01 |
| publisher | SAES |
| record_format | Article |
| series | Angles |
| spelling | doaj.art-370b0bc9563540f884cfa224c27817022022-12-22T01:17:55ZengSAESAngles2274-20422019-04-01810.4000/angles.560Changes in Official Poverty and Inequality Rates in the Anglophone World in the Age of NeoliberalismNicholas SowelsThis article reviews the evolution of inequality and poverty in the Anglophone countries (the United States, the United Kingdom, Canada, Australia, New Zealand and Ireland) since the shift to neoliberal economic policies in the late 1970s. It provides brief summaries of the key definitions of inequality and poverty, which are separate but related phenomena. The article confirms the general impression that inequality has risen more quickly in this country group than in other developed countries. This is especially so for the United States, although Ireland is a notable exception with unchanged inequality levels. The article goes on to identify key policy characteristics of neoliberalism which have favoured capital over labour, and how they have contributed to consolidating the economic structure of these countries as “liberal market economies”. This in turn has impacted inequality, especially through strong cuts in top income tax rates.http://journals.openedition.org/angles/560neoliberalismglobalizationtaxationinequalitypovertygovernmentality |
| spellingShingle | Nicholas Sowels Changes in Official Poverty and Inequality Rates in the Anglophone World in the Age of Neoliberalism Angles neoliberalism globalization taxation inequality poverty governmentality |
| title | Changes in Official Poverty and Inequality Rates in the Anglophone World in the Age of Neoliberalism |
| title_full | Changes in Official Poverty and Inequality Rates in the Anglophone World in the Age of Neoliberalism |
| title_fullStr | Changes in Official Poverty and Inequality Rates in the Anglophone World in the Age of Neoliberalism |
| title_full_unstemmed | Changes in Official Poverty and Inequality Rates in the Anglophone World in the Age of Neoliberalism |
| title_short | Changes in Official Poverty and Inequality Rates in the Anglophone World in the Age of Neoliberalism |
| title_sort | changes in official poverty and inequality rates in the anglophone world in the age of neoliberalism |
| topic | neoliberalism globalization taxation inequality poverty governmentality |
| url | http://journals.openedition.org/angles/560 |
| work_keys_str_mv | AT nicholassowels changesinofficialpovertyandinequalityratesintheanglophoneworldintheageofneoliberalism |