3 options (and only three)
Step change in technology (20 Manhattan projects)
Accept less global growth Runaway climate change
Za
mb
ia1
99
3-2
00
3
Bra
zil 19
93
-20
03
Decreasing Inequalities
Annual % Gini
Annual % Gini Change
0
-1
-2
-3
Danger 4: Inequality - falling in some countries…
Ho
nd
uras 1986-1999
Co
lom
bia 1991-2003
Rw
and
a 1985-2000
Increasing Inequalities
…but rising in many more
Annual % Gini Change
4
3
2
1
0
And Opportunity? Shocks crucial in
Changing attitudes and beliefs Abolition of slavery Women’s suffrage
Creating New Institutions National health service United Nations
Changes to role of state income taxes
So where might current food + finance shock lead?
Already happening G8 -> G20 Limited reregulation of finance Rediscovery of role of agriculture New global taxes (eg FTT)?
But so far, only minimal signs of Climate change response New focus on inequality and redistribution Rethink on well-being or environmental constraints
on growth
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