Abstract
What matters most is to have nothing to be ashamed of. There’s a wise saying attributed to Confucius that in a country that is well governed, poverty is something to be ashamed of, in a country that is badly governed, wealth is something to be ashamed of. Who should be ashamed then and where? Who should be proud and of what? If we look at the world as a whole, a lot of the rich should be ashamed of themselves as the world is very badly “governed”.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Notes
Branko Milanovic, The Haves and the Have-Nots: A Brief and Idiosyncratic History of Global Inequality (New York: Basic Books, 2011).
Joseph A. Schumpeter, Capitalism, Socialism and Democracy (New York: Harper and Brothers, 1942).
Homi Kharas and Andrew Rogerson, Horizon 2025: Creative Destruction in the Aid Industry (London: Overseas Development Institute, July 2012).
Graham Hancock, Lords of Poverty (Nairobi: Camerapix Publishers International, 2004).
Author information
Authors and Affiliations
Copyright information
© 2014 Grzegorz W. Kolodko
About this chapter
Cite this chapter
Kolodko, G.W. (2014). The Poor and the Rich. In: Whither the World: The Political Economy of the Future. Palgrave Macmillan, London. https://doi.org/10.1057/9781137470256_3
Download citation
DOI: https://doi.org/10.1057/9781137470256_3
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-49971-7
Online ISBN: 978-1-137-47025-6
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)