Indeed, which is why the Gini coefficient and the signs are we are not more inequal (100%) as you claim. Anyway the poorest now are far better off than the poorest during the 1970s, thankfully
New Statesman, Guardian, peddling their line, as do others. On Gini, exactly, inequality is broadly the same now as it was 3 decades ago. It isn’t 100% worse. Fro some individuals it might of course, but we are looking at society as a whole. We are far better off now as a society than we in the...
I get the sentiment but factually that is not true. There are many measures of inefficiency but the classic one is the Gini coefficient and it did show significant increase in inequality in the 1980s then it levelled off and has reduced a little since the financial crisis. So over 30 years it’s...