Covid-19 was the trigger for the economic collapse waiting to happen. There are other triggers. The challenge is to build a new income distribution system that provides much greater resilience to society and all individuals.
It is the evolution of lessee capitalism that has created vulnerabilities in the UK and globally, where more and more income is flowing to financial, physical and so-called intellectual property owners. In the UK, the value of financial assets of financial companies has risen to more than 1,000 percent of GDP. On the other hand, private wealth has risen from about 300% of GDP in […]
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