The US Congressional Research Service is well-known for its ability to present information in a fairly objective manner (no source is free of bias). It has released an analysis of US-Israel relations which is substantive and filled with information that is not readily available from news sources. It was released on 1 June and is up-to-date.
The IMF has just issued a report on income inequality which essentially refutes the distributional model of market capitalism which is colloquially termed “trickle-down.” The report finds that:
“We find that increasing the income share of the poor and the middle class actually increases growth while a rising income share of the top 20 percent results in lower growth—that is, when the rich get richer, benefits do not trickle down.”
The study seems to be fairly comprehensive: ““159 advanced, emerging, and developing economies for the period 1980–2012.” It remains to be seen whether the IMF pays any attention to its own research.
Leave a comment