By: Lykke E. Andersen*
“The future is already here, it’s just not evenly distributed”
William Gibson
The scale of inequality in this world is almost unfathomable. In 2013, the average inhabitant of Denmark, Norway, Sweden and Qatar earned more in one day than what the average inhabitant of Malawi and Burundi earned during an entire year[1]. Apart from the staggering between-country inequality, there is also vast and increasing inequality within countries. According to United Nations, on average—and taking into account population size—income inequality increased by 11 per cent in developing countries between 1990 and 2010[2]. Currently, about 60% of the variation in incomes across the globe is explained by country citizenship alone, while another 20% is explained by parental income class[3]. This means that at least 80% of the variation in incomes are determined already by birth, leaving less than 20% to be determined by own effort, ingenuity, planning, determination, risk-taking and passion. Thus, the world is not just a place of huge inequality of outcomes, but also of huge inequality of opportunity. Read More »