Jennifer Welsh on the Return of Inequality

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"Jennifer Welsh, of the European University Institute, draws a similar conclusion to Piketty and Freeland about the present landscape of inequality in her 2016 Canadian Broadcasting Corporation (CBC) Massey Lecture on The Return of Inequality. Like Piketty, Welsh concludes that leveling of inequality seen during the decades after 1945 was an outlier, a blip in history created by great war, drought, and economic recession. She posits that “in the future, we will see low growth capitalism conjoined with high levels of inequality and low levels of social mobility.” (