Labour income distribution decreased since the ‘80s in major European countries and U.S.A. (since the ‘90s, in Italy). We will look at the different ways in which these fall occurred.
In a perspective of sustainability the correct answer is to increase green taxes and a ceiling on the material consumption to secure that the distribution of environmental impacts is reasonably fair.
A combination of factors and mistakes has transormed a minor national crisis to a near-catastrophe spreading to the whole of Europe.The people on whom the burden of Greek adjustment unfairly falls today have every reason to show their dissent.
New American Foundation - Economic Growth Policy Paper: "The troumbling economics and politics of payng Interest on bank reserves" by Thomas Palley (April 2010).
