‘Deglobalisation’ is the way to reduce inequality

The race of globalization is leaving the majority of the world’s population far behind. According to UNICEF, the richest 20% of the population gets 83%of global income, while the poorest quintile has just 1%.[1] This trend is getting worse. A new UNDP report called “Humanity Divided” estimates that 75% of the world’s population lives in societies where income distribution is less equal now than it was in the 1990s,[2] although global GDP ballooned in that time from $US 22 trillion to 72 trillion.[3]

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