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2017 | nr 2 (198) | 203--218
Tytuł artykułu

The Social Consequences of Income Distribution - Are Increasing Company Profits a Threat to Economic and Social Stability?

Treść / Zawartość
Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
The aim of this text is to show that unusually high levels of company profit should not be treated as a sign of a healthy economic situation but rather of a growing socio-economic imbalance. Huge profits are caused by the structure of many global markets-multinational companies often dominate markets and depress local competitors. The decline in household revenues and public budgets has led to ever larger public and private debts. At the same time, economic policy, which is determined by current politics, has contributed to a growth in income inequalities and social imbalances. The tax system has become ever less progressive and the structure of the financial market has become highly procyclical. The data analyzed in this text comes mainly from advanced economies, but it is clear that income distribution is one of the most important challenges facing the entire global economy. (original abstract)
Rocznik
Numer
Strony
203--218
Opis fizyczny
Twórcy
  • Kozminski University
Bibliografia
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Typ dokumentu
Bibliografia
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Identyfikator YADDA
bwmeta1.element.ekon-element-000171505265

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