Is Inequality at the Point of No Return?
The only time we had equality, writes Yuval Noah Harari in 21 Lessons for the 21 st Century , was when we were hunter-gatherers. Why? “Because they had very little property. Property is a pre-requisite for long-term inequality.” Agriculture was the beginning of inequality. Increased industrialization accelerated things. But then, ironically, industrialization also contributed to the reduction in inequality. Admittedly, in a roundabout and twisted way. First, as the number of workers grew, they could form groups and unions and make demands. Next, when employee skills and intelligence began to matter, they were paid better and treated better. And as the demand for workers increased further, it opened employment doors for all “races, classes and genders”, eventually even other countries via outsourcing. All of which helped reduce inequality globally. After the fall of communism, it looked like greater prosperity and thus reduced inequality was going to be the global norm. ...