Power dynamics affect disparities from "summary" of The Haves and the Have-Nots by Branko Milanovic
The distribution of income is not a result of some impersonal forces, like the laws of economics. It is rather a reflection of power relations within society. Those who are wealthy and powerful tend to use their influence to shape the rules of the game in their favor, further increasing their wealth and power. This creates a vicious cycle where the rich get richer and the poor get poorer. Power dynamics affect disparities not only within countries but also between them. International institutions, such as the World Bank and the International Monetary Fund, are often dominated by the interests of the rich countries, which perpetuates global inequality. The rules of the global economy are set in a way that benefits...
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