Tuesday 12 December 2017

The rich get richer... and the poor get turned away from mainstream politics

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David McWilliams

David McWilliams

The Panama Papers revelations underscore again the nature of wealth inequality in our world. This is becoming one of the single biggest dilemmas facing the world economy and it is not just an issue for traditionally unequal societies such as Russia.

All over the world, the rich have been getting ever richer and the gap between the rich and the middle, not just the very poor, is amplifying. This growing gap is one of the factors that are leading many people to feel fed up with mainstream politics.

The mainstream political message for so many years is that there is a conveyor belt to prosperity.

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