{"id":1046,"date":"2025-10-02T04:01:44","date_gmt":"2025-10-02T04:01:44","guid":{"rendered":"https:\/\/www.thebrokeronline.eu\/the-inequality-of-ownership\/"},"modified":"2025-10-02T04:01:44","modified_gmt":"2025-10-02T04:01:44","slug":"the-inequality-of-ownership","status":"publish","type":"page","link":"https:\/\/www.thebrokeronline.eu\/blogs\/employment\/inequality-and-the-middle-classes\/the-inequality-of-ownership\/","title":{"rendered":"The Inequality Of Ownership"},"content":{"rendered":"<div class=\"middle content\">\n<div class=\"column left\" id=\"columnleft\">\n<div class=\"block-0\">\n<section class=\"block themeicon Expert opinion\">\n<article>\n<div class=\"icon\">\n<h3>Theme<\/h3>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.thebrokeronline.eu\/themes\/inclusive-economy\/\" title=\"Inclusive Economy\"><br \/>\n\t\t\t\t\t\t\t\t\t<img decoding=\"async\" class=\"projectimage\" src=\"https:\/\/www.thebrokeronline.eu\/files\/var\/broker\/storage\/images\/themes\/inclusive-economy\/88458-4-eng-gb\/inclusive-economy_big_icon_theme.png\" alt=\"Inclusive Economy\"\/><br \/>\n\t\t\t\t\t\t\t\t<\/a><\/p>\n<h3>\n\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.thebrokeronline.eu\/themes\/inclusive-economy\/\" title=\"Inclusive Economy\"><br \/>\n\t\t\t\t\t\t\t\t\tInclusive Economy<br \/>\n\t\t\t\t\t\t\t\t<\/a><br \/>\n\t\t\t\t\t\t\t<\/h3>\n<p>\t\t\t\t\t\t\t<span class=\"yunu3cvqabft7vifv\"><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tExpert opinion<br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t<\/div>\n<div style=\"clear:both;\"><\/div>\n<\/article>\n<\/section><\/div>\n<section class=\"block article author\">\n<div class=\"headline\">\n<h3>About the author<\/h3>\n<\/p><\/div>\n<div class=\"inline-content\">\n<div class=\"about-author\">\n<div class=\"tleft\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/www.thebrokeronline.eu\/files\/var\/broker\/storage\/images\/authors\/van-de-vijsel-annemarie\/46987-8-eng-gb\/van-de-vijsel-annemarie_author.jpg\" alt=\"\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n<div class=\"tright\">\n<h3><a href=\"https:\/\/www.thebrokeronline.eu\/authors\/van-de-vijsel-annemarie\/\">Annemarie  van de Vijsel<\/a><\/h3>\n<\/p><\/div>\n<div class=\"clear\"><\/div>\n<p class=\"yunu3cvqabft7vifv\">\n\t\t\t\t\t\t\t\tAnnemarie van de Vijsel is knowledge broker on Employment at The Broker.\n\t\t\t\t\t\t\t<\/p>\n<p>\t\t\t\t\t\t\t<a class=\"more\" href=\"https:\/\/www.thebrokeronline.eu\/authors\/van-de-vijsel-annemarie\/\">full profile<\/a><\/p>\n<div class=\"clear\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<div class=\"block article author\">\n<div class=\"headline\">\n<h3>Tags<\/h3>\n<\/p><\/div>\n<div class=\"inline-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"weight_5\"><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.thebrokeronline.eu\/display\/articles\/6617\/\">middle class<\/a><br \/>\n\t\t\t\t\t\t\t\t\t\t\t<\/span><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"weight_2\"><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.thebrokeronline.eu\/display\/articles\/6498\/\">global civil society<\/a><br \/>\n\t\t\t\t\t\t\t\t\t\t\t<\/span><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"weight_9\"><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.thebrokeronline.eu\/display\/articles\/6357\/\">inequality<\/a><br \/>\n\t\t\t\t\t\t\t\t\t\t\t<\/span><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"weight_6\"><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.thebrokeronline.eu\/display\/articles\/6577\/\">population<\/a><br \/>\n\t\t\t\t\t\t\t\t\t\t\t<\/span><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"weight_3\"><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.thebrokeronline.eu\/display\/articles\/6323\/\">taxation<\/a><br \/>\n\t\t\t\t\t\t\t\t\t\t\t<\/span><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"weight_1\"><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.thebrokeronline.eu\/display\/articles\/6604\/\">power<\/a><br \/>\n\t\t\t\t\t\t\t\t\t\t\t<\/span><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"weight_4\"><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.thebrokeronline.eu\/display\/articles\/6451\/\">ownership<\/a><br \/>\n\t\t\t\t\t\t\t\t\t\t\t<\/span><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"weight_7\"><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.thebrokeronline.eu\/display\/articles\/7348\/\">development economics<\/a><br \/>\n\t\t\t\t\t\t\t\t\t\t\t<\/span><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"weight_4\"><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.thebrokeronline.eu\/display\/articles\/6481\/\">development discourse<\/a><br \/>\n\t\t\t\t\t\t\t\t\t\t\t<\/span><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"weight_2\"><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.thebrokeronline.eu\/display\/articles\/6357\/\">inequality<\/a><br \/>\n\t\t\t\t\t\t\t\t\t\t\t<\/span><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"weight_6\"><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.thebrokeronline.eu\/display\/articles\/6617\/\">middle class<\/a><br \/>\n\t\t\t\t\t\t\t\t\t\t\t<\/span><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"weight_8\"><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.thebrokeronline.eu\/display\/articles\/6617\/\">middle class<\/a><br \/>\n\t\t\t\t\t\t\t\t\t\t\t<\/span><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"weight_4\"><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.thebrokeronline.eu\/display\/articles\/6357\/\">inequality<\/a><br \/>\n\t\t\t\t\t\t\t\t\t\t\t<\/span><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"weight_8\"><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.thebrokeronline.eu\/display\/articles\/6618\/\">citizenship<\/a><br \/>\n\t\t\t\t\t\t\t\t\t\t\t<\/span><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"weight_6\"><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.thebrokeronline.eu\/display\/articles\/6617\/\">middle class<\/a><br \/>\n\t\t\t\t\t\t\t\t\t\t\t<\/span><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"weight_5\"><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.thebrokeronline.eu\/display\/articles\/6357\/\">inequality<\/a><br \/>\n\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n<\/p><\/div>\n<div class=\"clear\"><\/div>\n<div class=\"clear\"><\/div>\n<\/p><\/div>\n<section class=\"content column wide left blog_post content view\" id=\"content\">\n<div class=\"edit image\">\n\t\t<img decoding=\"async\" src=\"https:\/\/www.thebrokeronline.eu\/files\/var\/broker\/storage\/images\/blogs\/inequality-and-the-middle-classes\/the-inequality-of-ownership\/759004-2-eng-gb\/the-inequality-of-ownership_full_view.jpg\" alt=\"H\u00e4ndesch\u00fctteln, H\u00e4ndehalten \/ Bi&amp;Me via flickr\">\n\t<\/div>\n<article class=\"fader\">\n<header class=\"contents\">\n<div class=\"share\">\n\t\t\t<script type=\"text\/javascript\">\n    var addthis_config = {\n        ui_language = 'en'\n    }\n<\/script><\/p>\n<div class=\"addthis sharing\">\n\t<!-- AddThis Button BEGIN --><\/p>\n<div class=\"addthis_toolbox addthis_default_style addthis_32x32_style\" addthis:title=\"The inequality of ownership\">\n\t<a class=\"addthis_button_twitter\" tw:via=\"thebrokeronline\"><\/a><br \/>\n\t<a class=\"addthis_button_facebook\"><\/a><br \/>\n\t<a class=\"addthis_button_pinterest_share\"><\/a><br \/>\n\t<a class=\"addthis_button_preferred_4\"><\/a><br \/>\n\t<a class=\"addthis_button_compact\"><\/a><br \/>\n\t<a class=\"addthis_counter addthis_bubble_style\"><\/a>\n\t<\/div>\n<p>\t<script type=\"text\/javascript\">var addthis_config = data_track_addressbar;<\/script><br \/>\n\t<script type=\"text\/javascript\" src=\"https:\/\/www.thebrokeronline.eu\/files\/js\/300\/addthis_widget.js\"><\/script><br \/>\n\t<!-- AddThis Button END -->\n<\/div>\n<div class=\"addthis article_options\">\n\t\t<!-- \n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.thebrokeronline.eu\/mandrill\/subscription\/add\/79343\/79389\">Subscribe<\/a>\n\t\t\t\t -->\n<\/div>\n<\/p><\/div>\n<h1>\n\t\t\t\t\t\t\tThe inequality of ownership<br \/>\n\t\t\t\t\t<\/h1>\n<div class=\"clear\"><\/div>\n<p>\t\t<a href=\"https:\/\/www.thebrokeronline.eu\/authors\/van-de-vijsel-annemarie\/\">Annemarie  van de Vijsel<\/a>\t\t|<br \/>\n\t\t\t\t\t\t\t26 June 2025<br \/>\n\t<\/header>\n<div class=\"body contents\">\n\t<!-- body --><\/p>\n<p class=\"yunu3cvqabft7vifv\"><b><\/p>\n<p class=\"yunu3cvqabft7vifv\"><b>A social contract may offer a sound basis for responsible development. Power relations are crucial.<\/b><\/p>\n<p>\t\t<\/b><\/p>\n<p class=\"yunu3cvqabft7vifv\">\n<p class=\"yunu3cvqabft7vifv\">The roots of <a href=\"https:\/\/www.thebrokeronline.eu\/dossiers\/inequality\/\" target=\"_blank\">inequality<\/a> can lie not only in socioeconomic factors, but also in political issues and exclusive governance. However, as Dirk Messner, director of the German Development Institute (DIE), explained in his introduction to the plenary session \u2018Tackling inequality through \u201cresponsible\u201d development\u2019 at the EADI conference in Bonn, Germany, there is a new factor affecting inequality, \u2018planetary boundaries\u2019. The speakers at this session supported Messner\u2019s introduction with strong and well substantiated arguments.<\/p>\n<p class=\"yunu3cvqabft7vifv\">Before the lively discussions started, Branko Milanovic of the City University New York and the Luxembourg Income Survey showed the main data on inequality and the middle classes. Even though the middle class is growing on a global scale, it does not yet represent the largest population group. According to Milanovic\u2019s classification, most people in the world have a purchasing power of 2 to 10 dollars a day. These people, who he refers to as \u2018the masses\u2019, have more money to spend than the poor, but less than the global middle classes, which Milanovic defines as having a purchasing power of 10 to 100 dollars a day. The masses are more vulnerable to falling back into poverty than the middle classes. <a href=\"https:\/\/www.thebrokeronline.eu\/blogs\/inequality-and-the-middle-classes\/don-t-turn-to-protectionism\/\" target=\"_blank\">(Read here The Broker\u2019s interview with Branko Milanovic during the EADI conference.)<\/a><\/p>\n<p class=\"yunu3cvqabft7vifv\">Milanovic showed that, in contrast to very unequal areas where a middle class does not exist, urban China does not have a very rich or very poor group. Chinese cities are populated only by the vulnerable masses and the middle classes \u2013 with over 450 million people the largest in the world.&nbsp;<\/p>\n<p class=\"yunu3cvqabft7vifv\">Peter Knorringa of the International Institute of Social Studies in the Netherlands noted that the debate on the emerging middle class is also about new patterns of global governance. Joyeeta Gupta of the University of Amsterdam took this argument further with her strong plea for responsible global governance. Increasing consumption, partly due to the rising middle classes, is putting more pressure on natural resources and the ecosystem, and thus on the equal distribution of these resources. According to Gupta, if these resources are to be used responsibly and sustainably, we need global rule of law and a global constitution. She added that these institutions should address tax evasion and tax havens as well.<\/p>\n<p class=\"yunu3cvqabft7vifv\">Louka Katseli of the University of Athens also argued strongly against tax havens and the power of the financial sector. As a former Greek Minister of Economy, Shipping and Competitiveness, she understands the importance of power relations. According to Katseli, inequality of ownership is crucial. \u201cIf we want to tackle inequality,\u201d she said, \u201cwe have to look more carefully at what is happening on the capital markets. Inequality does not only derive from differences in skills and opportunities, from the composition of the labour market, and from globalization, as we used to think.\u201d<\/p>\n<p class=\"yunu3cvqabft7vifv\">To achieve responsible development, Katseli continued, we need to tackle \u201cglobal failures\u201d by policy-makers. The most urgent action would be to establish a global financial register to overcome the failure to regulate the increasingly powerful global financial system, which strongly influences the decisions of policy-makers. In this context, she too argued for the abolition of tax havens.<\/p>\n<p class=\"yunu3cvqabft7vifv\">The basis of responsible development, in Katsali\u2019s view, is a social contract. \u201cWe thought, and think, we had a social contract,\u201d she said, \u201cbut it has become irrelevant and defunct. This is mainly because the key players \u2013 including the financial sectors &#8211; are not sitting around the table.\u201d Knorringa agreed that the social contract is still shaped by vested interests and not the middle classes, because of their heterogeneity. The absence of the relevant players at the negotiation table was an issue underlined by all speakers.<\/p>\n<p class=\"yunu3cvqabft7vifv\">Something is happening, though, in the context of the social contract: <a href=\"https:\/\/www.thebrokeronline.eu\/dossiers\/post-2015\/\" target=\"_blank\">the post-2015<\/a> discussion is essentially about establishing a social contract at global rather than national level.<\/p>\n<p class=\"yunu3cvqabft7vifv\"><b>The Broker is reporting from the EADI conference &#8216;<a href=\"http:\/\/www.gc2014.org\/\" target=\"_blank\">Responsible Development in a Polycentric World: Inequality, Citizenship and the Middle Classes&#8217;<\/a>, 23 \u2013 26 June 2025 in Bonn, Germany. The Broker is the media partner during this conference.<\/b><\/p>\n<\/p>\n<p class=\"yunu3cvqabft7vifv\">\n<p class=\"credit\">Photo credit main picture: H\u00e4ndesch\u00fctteln, H\u00e4ndehalten \/ Bi&Me; via flickr<\/p>\n<p>\t\t<!-- body -->\n\t<\/div>\n<\/article>\n<div class=\"clear\"><\/div>\n<section class=\"commentform content column wide left\">\n<div class=\"disqus_content\">\n\t\t<a name=\"comments\" id=\"comments\"><\/a><\/p>\n<div id=\"disqus_thread\"><\/div>\n<p>        <script type=\"text\/javascript\">\n            \/* * * CONFIGURATION VARIABLES: EDIT BEFORE PASTING INTO YOUR WEBPAGE * * *\/\n            var disqus_shortname = 'broker'; \/\/ required: replace example with your forum shortname\n            var disqus_identifier = '14885';\n            \/* * * DON'T EDIT BELOW THIS LINE * * *\/\n\t\t\tfunction trackComment(comment)\n            {\n                console.log(comment);\n            }\n\t\t\tfunction disqus_config() {\n                this.callbacks.onNewComment = [function() { \n                console.log(comment);\n                }];\n            }\n\t\t\t(function() {\n                var dsq = document.createElement('script'); dsq.type = 'text\/javascript'; dsq.async = true;\n                dsq.src = '\/\/' + disqus_shortname + 'https:\/\/www.thebrokeronline.eu\/files\/blogs\/employment\/inequality-and-the-middle-classes\/.disqus.com\/embed.js';\n                (document.getElementsByTagName('head')[0] || document.getElementsByTagName('body')[0]).appendChild(dsq);\n            })();\n        <\/script><br \/>\n        <!--\n        <noscript>Please enable JavaScript to view the <a href=\"http:\/\/disqus.com\/?ref_noscript\">comments powered by Disqus.<\/a><\/noscript>\n        <a href=\"http:\/\/disqus.com\" class=\"dsq-brlink\">comments powered by <span class=\"logo-disqus\">Disqus<\/span><\/a>\n        -->\n    <\/div>\n<\/section>\n<\/section><\/div>\n<div class=\"clear\"><\/div>\n","protected":false,"raw":""},"excerpt":{"rendered":"<p>Theme Inclusive Economy Expert opinion About the author Annemarie [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"template_3.php","meta":{"footnotes":""},"class_list":["post-1046","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The inequality of ownership \/ Inequality and the Middle Classes \/ Employment \/ Blogs - The Broker<\/title>\n<meta name=\"description\" content=\"A social contract may offer a sound basis for responsible development. 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