Inequality debate begins to ‘occupy’ some halls of power

Global News

WASHINGTON – From the Occupy movement, to the corridors of power: the rallying cry against inequality could be heard the last few days in a setting far removed from the street demonstrations that sprouted in 2011.

The past week’s global financial meetings heard repeated warnings about inequality and its deleterious effect on economic growth.

This time, it wasn’t coming from protesters squatting in parks. It came from the shiny office buildings around Washington’s Pennsylvania Avenue, from the heads of the International Monetary Fund, and the World Bank, and at panel discussions about new research papers on the subject.

At least three high-level papers, produced for the IMF and World Bank in recent weeks, sounded the alarm over a growing gap between the haves and have-nots in industrialized countries and provided fodder for different discussions at the annual spring financial meetings.

The head of the IMF, Christine Lagarde, insisted this adjustment…

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