Talking about inequality…

Today’s Jornal do Brasil reports  “47% of the GDP in only 1% of [the country’s] municipalities.” (page A17). Today, 40% of the nation’s poorest municipalities account for just 4.6% of the country’s GDP. Those are some figures to drown in.
Inequality has obviously gotten worse, not better over time. In 1920, the figure for the richest 1 percent of municipalities was 21%, versus more than double, at 47% today. Brazil’s poor may have become richer in absolute terms, but so have the rich– much, much richer.

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