Inequality is not a result of chance but a product of design, according to Uschi Schreiber. She argues that the global economic system is structured in such a way that it perpetuates inequality. This is evident in the widening wealth gap, with the richest 1% owning half the world’s wealth. Schreiber suggests that to tackle inequality, we need to redesign the economic system.
She highlights the role of governments and businesses in this process. Governments should implement policies that promote equality, such as progressive taxation and investment in public services. Businesses, on the other hand, should focus on inclusive growth, ensuring that their success benefits everyone, not just the shareholders.
Schreiber also emphasises the importance of technology in reducing inequality. She believes that digital tools can democratise access to opportunities and resources. However, she warns that technology can also exacerbate inequality if not used responsibly.
Finally, she stresses the need for a collective effort to address inequality. It’s not just the responsibility of governments and businesses, but everyone has a role to play. By working together, we can create a fairer and more equitable world.
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