Thoughts and discussion on inequality and development in Latin America in English...y Español
Saturday, January 9, 2010
Nothing has changed!
According to the NYT, Wall Street will distribute bonuses of up-to eight figures next week. Goldman Sachs will give each of its employees an average of nearly $600,000. Is it possible that so little has changed after the Global Crisis? The bail-out has saved banks but not changed their behaviour... How long until people really revolt? And does this mean that income inequality will (sadly) remain high in the Americas?