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But we’ve not had a rise in inequality

While there are many explanations, one that stands out is the growth of inequality, a problem stemming from modern neoliberal capitalism, which can also be linked in many ways to the erosion of democracy.

Money matters far less than it used to. Have loads or none – and stay off the drugs – and in a modern society you’re going to gain access to food, slothing, housing, health care and on and on. We are vastly more equal than we were a century ago.

I’m just about – only just about and maybe – willing to agree that we might have fiscal, or financial, inequality. Who has how many piles of bank notes inequality. But economic inequality has dropped like a stone in our modern world. In a world where billionaires eat the same Big Macs that sell for 20 minutes of minimum wage labour of course we’ve had a fall in economic inequality.

9 thoughts on “But we’ve not had a rise in inequality”

  1. From the Hungarian prime minister, Viktor Orbán, to the former Brazilian president Jair Bolsonaro and the former US president Donald Trump, we have a growing list of authoritarians

    The chutzpah of these people.

  2. Bloke in North Dorset

    [When the revolution comes …]

    All shall have Superyachts.

    “But I don’t want a Superyacht”

    “When the revolution comes all shall do as their fucking told”.

  3. There has been an increase in the difference in income and/or wealth measured in nominal £ or $ between the top 1% and bottom 1% thanks to the increase in all incomes, but especially those of entertainers such as Erling Haaland and Taylor Swift; however there has been a significant *decrease* in the ratio of incomes and wealth between the top and bottom deciles.
    Obviously Taylor Swift is the pretty face of neoliberalism and I must be slightly deaf because I haven’t heard the universal outcry from egalitarians demanding that she be stripped of all her money.

  4. Of course not John77…

    Swift has her own army of supporters, and is the living embodyment of the Rainbow Crowd..
    The Guardian ( and the people that actually believe what’s in that rag ) can’t touch her… currently..

    And while I’m not a fan of her, or her… music.., you have to admit she actually works for her money.. ( as opposed to most Guardianistas.. )
    And invests heavily to make more money. That stage she uses for her current tour is ….impressively expensive.. Only thing that comes close to it is Rammstein’s setup.

  5. “access to slothing”: but we can’t all be dole bludgers or civil servants. Yet nobody protests about that inequality.

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