What will it take to reverse inequality? The Next Systems Project and the Institute for Policy Studies launched a new report outlining a full menu of “interventions” to reduce income and wealth inequality and address some of the systemic drivers of inequality. Read the report here. http://www.ips-dc.org/report-reversing-inequality/.
Whilst the report is focused on the United States it has some insights to understand and respond to inequality. Specifically, this paper describes a full menu of “interventions” to reduce income and wealth inequality and address some of the systemic drivers of inequality. They fall into four categories, including policies that:
- Lift the Floor, establishing minimal standard of living and safety nets
- Level the Playing Field, by ensuring investments in public goods and elimination of the distorting influences of power and privilege
- Deconcentrate Wealth, through interventions that directly reduce the concentration of wealth and power
- Rewire the System, to undercut inequality drivers