I think inequality has gone past the point where it's helping us all get rich, and it's really becoming a serious threat.

Trade, migration, and modern communications have given us networks of friends and associates in other countries. We owe them much, but the social contract with our fellow citizens at home brings unique rights and responsibilities that must sometimes take precedence, especially when they are as destitute as the world's poorest people.

The World Bank adjusts its poverty estimates for differences in prices across countries, but it ignores differences in needs.

Angus Deaton Quotes