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The Great Divergence
Society & Culture

The Great Divergence

Why Wealth Is Concentrating at the Top — and What It Means for Democracy and Social Cohesion

Pierre Lefebvre

Economist at the Paris School of Economics, studying income inequality, social mobility, and the political economy of redistribution.

February 1, 2026·8 min read

The Great Divergence

Economic inequality has been rising in most developed countries for four decades. The share of income going to the top 1% has doubled or tripled since the 1980s. The consequences — reduced social mobility, political polarization, and the erosion of the middle class — are reshaping the social contract of democratic societies.

TOPICS
inequalitywealthsocial mobilitydemocracyeconomy
FURTHER READING
World Inequality Database
WID
Oxfam: Inequality Report
Oxfam
OECD: Income Inequality
OECD
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