{"id":26190,"date":"2024-05-23T14:46:12","date_gmt":"2024-05-23T12:46:12","guid":{"rendered":"https:\/\/michelsanti.fr\/?p=26190"},"modified":"2024-05-23T14:47:06","modified_gmt":"2024-05-23T12:47:06","slug":"inequalities","status":"publish","type":"post","link":"https:\/\/michelsanti.fr\/en\/capitalism\/inequalities","title":{"rendered":"K"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" fetchpriority=\"high\" decoding=\"async\" data-attachment-id=\"26192\" data-permalink=\"https:\/\/michelsanti.fr\/en\/capitalism\/inequalities\/attachment\/k\" data-orig-file=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/05\/K.jpg?fit=1500%2C1500&amp;ssl=1\" data-orig-size=\"1500,1500\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"K\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/05\/K.jpg?fit=1024%2C1024&amp;ssl=1\" class=\"alignnone size-full wp-image-26192\" src=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/05\/K.jpg?resize=1170%2C1170&#038;ssl=1\" alt=\"\" width=\"1170\" height=\"1170\" srcset=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/05\/K.jpg?w=1500&amp;ssl=1 1500w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/05\/K.jpg?resize=300%2C300&amp;ssl=1 300w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/05\/K.jpg?resize=1024%2C1024&amp;ssl=1 1024w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/05\/K.jpg?resize=150%2C150&amp;ssl=1 150w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/05\/K.jpg?resize=768%2C768&amp;ssl=1 768w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/05\/K.jpg?resize=1200%2C1200&amp;ssl=1 1200w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/05\/K.jpg?resize=800%2C800&amp;ssl=1 800w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/05\/K.jpg?resize=600%2C600&amp;ssl=1 600w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/05\/K.jpg?resize=400%2C400&amp;ssl=1 400w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/05\/K.jpg?resize=200%2C200&amp;ssl=1 200w\" sizes=\"(max-width: 1170px) 100vw, 1170px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>Remember this letter &#8220;K&#8221; well, a symbol of the massive imbalances that twist our Western societies.<\/p>\n<p>There is the tiny minority enjoying an absolutely unprecedented surge in financial markets and private investments, who\u2014indifferent to prices\u2014are thriving economically.<\/p>\n<p>They are represented by the rising and triumphant branch of the K.<\/p>\n<p>Then there are all the others whose situation continues to deteriorate, whose high costs and financial repression constraints keep worsening, whose wages no longer cover essentials, high rents, and soaring energy prices, leaving them powerless in the face of the collapse of their purchasing power.<\/p>\n<p>These middle and lower classes are represented by the infamous descending branch of the K.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Remember this letter &#8220;K&#8221; well, a symbol of the massive imbalances that twist our Western societies. There is the tiny minority enjoying an absolutely unprecedented surge in financial markets and private investments, who\u2014indifferent to prices\u2014are thriving economically. They are represented by the rising and triumphant branch of the K. Then there are all the&hellip;<\/p>\n","protected":false},"author":4,"featured_media":26192,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"give_campaign_id":0,"_crdt_document":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"mc4wp_mailchimp_campaign":[],"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false,"jetpack_post_was_ever_published":false},"categories":[648941282,648941294],"tags":[],"class_list":["post-26190","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-capitalism","category-neoliberalism"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>K - Michel Santi<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/michelsanti.fr\/en\/capitalism\/inequalities\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"K - Michel Santi\" \/>\n<meta property=\"og:description\" content=\"&nbsp; Remember this letter &#8220;K&#8221; well, a symbol of the massive imbalances that twist our Western societies. There is the tiny minority enjoying an absolutely unprecedented surge in financial markets and private investments, who\u2014indifferent to prices\u2014are thriving economically. They are represented by the rising and triumphant branch of the K. Then there are all the&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/michelsanti.fr\/en\/capitalism\/inequalities\" \/>\n<meta property=\"og:site_name\" content=\"Michel Santi\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/michel.santi.economiste\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-23T12:46:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-23T12:47:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/michelsanti.fr\/wp-content\/uploads\/2024\/05\/K.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\n\t<meta property=\"og:image:height\" content=\"1500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Michel Santi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@michelsanti1\" \/>\n<meta name=\"twitter:site\" content=\"@michelsanti1\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Michel Santi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/capitalism\\\/inequalities#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/capitalism\\\/inequalities\"},\"author\":{\"name\":\"Michel Santi\",\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/#\\\/schema\\\/person\\\/ba61ae1376925b43e3d1ddbc1e3eb2a4\"},\"headline\":\"K\",\"datePublished\":\"2024-05-23T12:46:12+00:00\",\"dateModified\":\"2024-05-23T12:47:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/capitalism\\\/inequalities\"},\"wordCount\":113,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/capitalism\\\/inequalities#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/michelsanti.fr\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/K.jpg?fit=1500%2C1500&ssl=1\",\"articleSection\":[\"capitalism\",\"neoliberalism\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/michelsanti.fr\\\/en\\\/capitalism\\\/inequalities#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/capitalism\\\/inequalities\",\"url\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/capitalism\\\/inequalities\",\"name\":\"K - Michel Santi\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/capitalism\\\/inequalities#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/capitalism\\\/inequalities#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/michelsanti.fr\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/K.jpg?fit=1500%2C1500&ssl=1\",\"datePublished\":\"2024-05-23T12:46:12+00:00\",\"dateModified\":\"2024-05-23T12:47:06+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/#\\\/schema\\\/person\\\/ba61ae1376925b43e3d1ddbc1e3eb2a4\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/capitalism\\\/inequalities#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/michelsanti.fr\\\/en\\\/capitalism\\\/inequalities\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/capitalism\\\/inequalities#primaryimage\",\"url\":\"https:\\\/\\\/i0.wp.com\\\/michelsanti.fr\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/K.jpg?fit=1500%2C1500&ssl=1\",\"contentUrl\":\"https:\\\/\\\/i0.wp.com\\\/michelsanti.fr\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/K.jpg?fit=1500%2C1500&ssl=1\",\"width\":1500,\"height\":1500},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/capitalism\\\/inequalities#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Accueil\",\"item\":\"https:\\\/\\\/michelsanti.fr\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"K\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/#website\",\"url\":\"https:\\\/\\\/michelsanti.fr\\\/\",\"name\":\"Michel Santi\",\"description\":\"\\\"It is not because things are difficult that we do not dare. 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According to Mundell, a currency shared by a large geographic area\u2026","rel":"","context":"In &quot;bubble&quot;","block_context":{"text":"bubble","link":"https:\/\/michelsanti.fr\/en\/category\/bubble"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13624,"url":"https:\/\/michelsanti.fr\/en\/art-market\/picasso-the-price-of-everything","url_meta":{"origin":26190,"position":4},"title":"Picasso: the price of everything","author":"Michel Santi","date":"August 31, 2015","format":false,"excerpt":"\u00a0 People instinctively like record breakers: fastest man, tallest building or longest winning streak. Records provide us with a frame of reference and a benchmark by which to judge what has gone before as well as what lies ahead. Records, we are often told, are there to be broken: they\u2026","rel":"","context":"In &quot;art market&quot;","block_context":{"text":"art market","link":"https:\/\/michelsanti.fr\/en\/category\/art-market"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/picasso-mainimage.jpg?fit=960%2C545&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/picasso-mainimage.jpg?fit=960%2C545&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/picasso-mainimage.jpg?fit=960%2C545&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/picasso-mainimage.jpg?fit=960%2C545&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":13700,"url":"https:\/\/michelsanti.fr\/en\/real-estate\/when-real-estate-threatens-growth","url_meta":{"origin":26190,"position":5},"title":"When real estate threatens growth","author":"Michel Santi","date":"April 13, 2016","format":false,"excerpt":"It\u2019s not a coincidence if real estate prices \u2013 relatively stable up until now \u2013 suffered unhealthy volatility at the dawn of the 1990s. This phenomenon was the direct consequence of integrating the banking and financial systems together because deregulation and innovations such as securitisation intensified the flow of cross-border\u2026","rel":"","context":"In &quot;bubble&quot;","block_context":{"text":"bubble","link":"https:\/\/michelsanti.fr\/en\/category\/bubble"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/subprime-mortgages.jpg?fit=500%2C350&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts\/26190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/comments?post=26190"}],"version-history":[{"count":3,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts\/26190\/revisions"}],"predecessor-version":[{"id":26196,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts\/26190\/revisions\/26196"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/media\/26192"}],"wp:attachment":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/media?parent=26190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/categories?post=26190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/tags?post=26190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}