One comment on “Timmy Elsewhere

  1. I agree.

    But I also think a lot of the reduction in inequality is also thanks to changes in the private sector, and the unrelenting downward pressure on prices. Modern producers generally want to see mass market consumption of their offerings, whether they are selling boots, butter, houses, furniture, computers….
    The notion of exclusivity, once beloved by upmarket traders, has become pretty much obsolete or niche only. Everybody’s money is the same now. There aren’t any shops you can’t go into.

    Modern poverty exists, but it is only indirectly connected with financial resources. Nowadays we grow deprived children, and neglected old folk, in a big greenhouse called the welfare state.

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