Against the backdrop of rising economic inequality, Why We Can’t Afford the Rich tackles the myth that the rich are vital wealth creators. Instead, Andrew Sayer outlines the negative societal and environmental impact of unsustainable growth and extreme concentrations of wealth. Winner of the 2015 British Academy Peter Townsend Prize, this is a readable and persuasive book, even if some of its […]
With the UK set to become the most unequal of rich countries, the Conservative government’s policies are constantly being criticised for widening, rather than tackling, inequality. But when it comes to alternatives, could Corbyn’s answers to economic problems be more than wishful thinking? Do the rich have a special wealth-creating talent, and are those living on welfare inactive and […]
The postcode lottery of children’s exam results points towards deeper inequalities in health and development
Exam results are the latest issue to get the ‘postcode lottery’ rhetoric; however, Keith Clements from the National Children’s Bureau argues that attention must also be paid to what happens to children before their first day in class.
Nicky Morgan was right to point out disparities in academic attainment across the country in her recent speech on ‘one nation education’. Of course, the […]
How does debt relate to deepening income and wealth inequality? The most recent research by the Organisation for Economic Co-operation and Development shows clearly the multiple ways in which growing inequality is inhibiting economic renewal. Johnna Montgomerie considers how the current unprecedented scale and scope of indebtedness reconfigures the established relationships between labour markets, income and wealth dynamics.
Financialisation and increasing income inequality have been two of the most important developments in the last three decades. But what is the connection between the two phenomena? Does financialisation contribute to the increase in income inequality? Karsten Köhler, Alexander Guschanski and Engelbert Stockhammer provide evidence for a negative effect of financialisation on functional income distribution in OECD countries.
The last […]
In his March 2015 Budget speech, Chancellor George Osborne emphasised that austerity measures over the 2010-15 Parliament had been fairly shared: inequality had fallen and the British people were ‘all in this together’. In this article, Gabriel Zucman examines how the UK stands in terms of the levels and changes in inequality of pre-tax and benefit income and net […]
An increasingly narrow UK migration debate is centred on the shared desire to keep poor migrants out, with many arguing that mass immigration exacerbates inequality. But, as a new book by Katy Long shows, there is in fact overwhelming evidence that enabling freedom of movement can play a vital role in combating poverty and opening up opportunity, not just for immigrants and […]
Support for redistribution will likely be weakened with ever greater residential separation of rich and poor
Personal characteristics and self-interest may not be the only factors which influence attitudes to inequality, taxation and welfare, according to research by Ade Kearns and colleagues – residential patterns and circumstances also matter. The significant implication of the research is that the cohesion of society itself may be eroded if policy actions, and inactions, permit residential sorting by income and social […]