THE Economist in its recent issue (October 12, 2012) published a Special Report on the growing inequalities worldwide. It is indeed a reiteration of what we had been saying all these days – the world is increasingly becoming inequitable. The Report states “...within many countries income gaps have widened. More than two-thirds of the world’s people live in countries where income disparities have risen since 1980, often to a startling degree” and further “These days the inverted U has turned into something closer to an italicised N, with the final stroke pointing menacingly upwards”. Worried about the consequences, the Report calls for 'modern politics' to “come up with ways of mitigating inequality without hurting economic growth”.