Stewart Lansley is the author ofThe Richer, The Poorer (Bristol University Press). He is a visiting fellow at the University of Bristol and a council member of the Progressive Economy Forum. His other
It has long been recognised that extreme inequality has many serious social consequences, as well as causing economic fragility and weakness - now the time has surely come to act.
In the last thirty years, a rising share of the global economic pie has been colonised by the world’s rich. It is this concentration of income that is the real cause of the present crisis. It created the conditions for the 2008 Crash and is now driving us into an era of near-permanent slump.
