The current division of wealth is far from natural. Those who thrive on rising rents and investment income have created a marketplace tilted in their favour. It is a system in which people who work for a living lose out. PHilippe Askenazy argues that rather than calling for more progressive taxes and wealth transfers, we need to recognize the class conflict at the heart of inequality and give more power to labour through institutional bodies such as unions. There is a more radical alternative to neoliberalism beyond simple redistribution.
The current division of wealth is far from natural. Those who thrive on rising rents and investment income have created a marketplace tilted in their favour. It is a system in which people who work for a living lose out. PHilippe Askenazy argues that rather than calling for more progressive taxes and wealth transfers, we need to recognize the class conflict at the heart of inequality and give more power to labour through institutional bodies such as unions. There is a more radical alternative to neoliberalism beyond simple redistribution.
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