![]() The authors also discuss how alternative rules such as fiscal revenue sharing could lead to a significant drop in global inequality. As a consequence of these contradictory and compensating evolutions, early 21st century neo-colonial capitalism involves similar levels of inequality as early 20th century colonial capitalism, though it is based upon a different set of rules and institutions. ![]() In contrast, these two components of global inequality have moved separately between 19: within-country inequality dropped in 1910-1980 (while between-country inequality kept increasing) but rose in 1980-2020 (while between-country inequality started to decline). Between 18, both between-country and within-country inequality were increasing. Global inequality increased between 18, in the context of the rise of Western dominance and colonial empires, and then stabilized at a very high level between 19. The authors find that the level of global income inequality has always been very large, reflecting the persistence of a highly hierarchical world economic system. In this paper, Lucas Chancel and Thomas Piketty mobilize newly available historical series from the World Inequality Database to construct world income distribution estimates from 1820 to 2020. ![]() ![]() Global Income Inequality, 1820-2020: The Persistence and Mutation of Extreme Inequality ![]()
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