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The aim of this new "Progressive era", as it was known in America, was to make society fairer without reducing its entrepreneurial vim.Modern politics needs to undergo a similar reinvention to come up with ways of mitigating inequality without hurting economic growth.
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A country can experience economic growth and get all the hardware of governance right (education, health, infrastructure, sanitation) while getting all the software wrong (basic freedoms, leadership, mitigating inequalities, addressing the youths' demands).
On the other side, there is President Obama's team of progressives, who are trying to mitigate inequality.
Peter Buffett insightfully shows how giving does more to soothe the donor's conscience than to mitigate inequality.
The ratio of wealth to income is highest among demographically challenged economies such as Italy and Japan (although both countries have managed to mitigate inequality through redistributive taxes and transfers).
And consequently, the struggle to mitigate inequality, rather than "making poverty history" through debt relief has become the most urgent task.
And it also suggests that the way to mitigate inequality is to improve our educational system — and better education is a value to which just about every politician in America pays at least lip service.
Broadly speaking, countries that are more ethnically or racially homogeneous are more comfortable with the state seeking to mitigate inequality by transferring some resources from richer to poorer people through the fiscal system.
The incorporation of storytelling, an emphasis on emphatic listening and the creation of a safe deliberative space, helps mitigate inequality and foster reciprocity.
Following guidance from provincial authorities to mitigate inequality among households, in some commune villages, officials adjusted payments so that poor households in a group received higher payments per hectare than economically better off households.
But this growth, driven by significant added debt, rather than taxation on the rich, will not mitigate inequalities.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com