Russian President Vladimir Putin spoke at the Davos Forum about the pressing problems of the world economy. One of them, he named the growing social inequality and the increase in poverty in recent years. The speech is broadcast on the event website.
The Russian leader stressed that for 30 years in a number of developed countries, incomes of more than half of citizens in real terms did not grow, and education and health care became three times more expensive. “Millions of people, even in rich countries, have ceased to see the prospect of increasing their income,” Putin said.
According to the President, the world is accumulating a mass of unclaimed people. He referred to the statistics of the International Labor Organization, according to which 267 million young people in the world did not study or work anywhere. And among the employed, 30 percent live on incomes below $ 3.2 per day.
“Such imbalances in global socio-economic development were a direct result of policies pursued in the 1980s, and often vulgarly pursued. This policy was based on the so-called Washington consensus,” Putin explained.