Le Radici Distributive Della Crisi Infinita (Income Distribution: The Roots of the Neverending Crisis)

Abstract

This paper supports the view that the deep roots of the current global crisis, which has taken the form of a mainly financial crisis, are related to a global fundamental unbalance in income distribution. There are two dimensions of the unbalance. The first one is between capital and labour income, particularly in advanced economies. The second one is between incomes of advanced economies and of developing countries. Without addressing these two broad real unbalances the outcome is going to be a long-term economic disease