In this article Andrew Sayer revives some concepts – ‘unearned income’, ‘rentiers’, ‘functionless investors’, and ‘improperty’ – to explain why the very rich are unjust and dysfunctional. We need to challenge the myth that the rich are specially-talented wealth creators, he argues.

In light of the news that the richest 80 people in the world have as much wealth as the poorest half of the […]