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Private wealth and public squalor

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mostlyharmless Thu 02-Nov-17 12:25:29

I saw some of that programme. Shocking.
Did you see this table the other day posted by John McDonnell? It's from OECD and the Spectator so should be accurate. I found it incredible. Can the disparity between rich and poor really be this enormous? Or am I misinterpreting? Also I couldn't find it on the OECD site.

mobile.twitter.com/johnmcdonnellMP/status/925059740291555329/photo/1

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whitewave Wed 01-Nov-17 20:00:57

So it’s official, the super rich are ruining our economy - now who’s got the spine to tackle it?

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whitewave Wed 01-Nov-17 19:29:47

We have Galbraith to thank for this theory, and I think that far from being a theory of the past it is so apt for what is happening in this country.

I am watching the BBC programme about the super rich.

Today I have also seen on a report about people resorting to living in vans and caravans because they cannot afford anywhere else to live.
Our young are struggling.

The cuts have resulted in poorer welfare system, a struggling NHS, pot holes in the roads, and so on.

Today I visited Wells and in the Cathedral precinct there were homeless people begging -shame on the church. And don’t say the homeless have always been with us.When we were growing up we had tramps who we almost knew by sight as they were so unusual.

Food banks ?

Whilst we have just been told that the super rich wealth rose from an average of 2bn to 5bn within two years of the recession. Their wealth has continued to grow to the extent that now the top 1% own more than everyone else. Marx said that wealth will always become concentrated at the top, but for many years he seemed to be wrong, I wonder if he is so wrong now?

And no I’m not envious, just demanding fairness.

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