According to the gini index inequality has been growing all over the world:
Is this really that horrible? Is it the doom of capitalism and globalization as we know it?
Well, look at this ranking again:
Can you really say that inequality leads to discontent? Look at the history of the US. Was social unrest and turmoil ever greater than, let’s say, Germany? Could you really say that currently there are more social conflicts in South Korea or Japan than in France?
My opinion is that this whole debate in inequality is much more philosophical and political than economical. People deal much better with inequalities than what the media wants to make you believe.