Mistrust and competition: The psychology of inequality

Mar 30, 2017

The Canary Wharf financial district is seen in east London November 12, 2014. Britain's Financial Conduct Authority (FCA) said on Wednesday it has imposed fines totalling $1.7 billion on five banks for failing to control business practices in their G10 spot foreign exchange trading operations. Under the terms of the settlement, Citibank will pay $358 million, HSBC $343 million, JP Morgan Chase $352 million, Royal Bank of Scotland $344 million and UBS $371 million. REUTERS/Suzanne Plunkett (BRITAIN - Tags: BUSINESS) - RTR4DUTS

Rising economic inequality is associated with a range of economic and social ills. Image: REUTERS/Suzanne Plunkett

Nick Haslam

Psychologist, University of Melbourne

The Big Picture

Explore and monitor how Neuroscience is affecting economies, industries and global issues

A hand holding a looking glass by a lake

Crowdsource Innovation

Get involved with our crowdsourced digital platform to deliver impact at scale

Stay up to date:

Neuroscience

Image: World Bank

Don't miss any update on this topic

Create a free account and access your personalized content collection with our latest publications and analyses.

License and Republishing

World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.

The views expressed in this article are those of the author alone and not the World Economic Forum.

The Agenda Weekly

A weekly update of the most important issues driving the global agenda

Subscribe today

You can unsubscribe at any time using the link in our emails. For more details, review our privacy policy.

More on Neuroscience
See all

3:21

Mark Pollock: From blind adventurer to paralysis advocate

1:52

This new implant helped a paralysed Parkinson’s patient walk

Cognitive flexibility is essential to navigating a changing world – new research shows how your brain learns new rules

Vikaas Sohal and Kathleen Cho

May 4, 2023

Employers now see neurodiversity as a strength in the workplace. Here's why

Stefan Ellerbeck

May 2, 2023

How the brain stops us learning from our mistakes – and what to do about it

Pragya Agarwal

April 25, 2023

Neuroscientists identify cells especially vulnerable to Alzheimer’s

Anne Trafton

April 25, 2023