Working For the Few: Political Capture and Economic Inequality

Ricardo Fuentes-Nieva and V. Nicholas Galasso

MPRA Paper from University Library of Munich, Germany

Abstract: Economic inequality is rapidly increasing in the majority of countries. The wealth of the world is divided in two: almost half going to the richest one percent; the other half to the remaining 99 percent. The World Economic Forum has identified this as a major risk to human progress. Extreme economic inequality and political capture are too often interdependent. Left unchecked, political institutions become undermined and governments overwhelmingly serve the interests of economic elites to the detriment of ordinary people.

Keywords: inequality; economic inequality; wealth inequality; income inequality; democracy; political representation (search for similar items in EconPapers)
JEL-codes: F1 F5 F6 H1 H23 H5 O1 O17 (search for similar items in EconPapers)
Date: 2014-01-20
New Economics Papers: this item is included in nep-pke and nep-pol
References: View complete reference list from CitEc
Citations: View citations in EconPapers (14)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/54984/1/MPRA_paper_54984.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:54984

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().