Class And Global Inequality
• Class: accounts for income inequalities between different income classes within countries (i.e. poor and rich Americans, and poor and rich Chinese). In 1870, more than 2/3 of global inequality can be explained by “class”. However, in 2000, it has flipped to 2/3 of “location” and 1/3 of “class”.
• Location: accounts for differences between the mean incomes of all the countries in the world. Unlike the 19th century, In 2000, more than 2/3 of global inequality can be explained by “location” or “citizenship”. More than 50% of a person’s income depends on the person’s residing country’s GDP.
In a Marxian world, proletarians are invariably, equally poor regardless of the country they come from; therefore, there are no national contradictions but
• Location: accounts for differences between the mean incomes of all the countries in the world. Unlike the 19th century, In 2000, more than 2/3 of global inequality can be explained by “location” or “citizenship”. More than 50% of a person’s income depends on the person’s residing country’s GDP.
In a Marxian world, proletarians are invariably, equally poor regardless of the country they come from; therefore, there are no national contradictions but