Democracy poses unique challenges to wealth defence, and yet market democracies have achieved some of the highest degrees of wealth inequality in human history. How have the rich managed the contradiction between formal equality and material disparity?
Wealth concentration is the single most enduring economic pattern across all polities from ancient Mesopotamia to the present. In their ceaseless battle against the threat of redistribution, oligarchs eventually hit upon an enduring solution: the tax state.
The authors of ‘Capital as Power’ comment on Ronen Palan’s piece ‘Capitalising the Future’.
Wealth inequality has soared to levels not seen since the 1920s – and even the mildest efforts to address the problem are attacked.
The wealth of the superrich is tied up in complex leverage schemes and esoteric predictions about future earnings, making it much more complex and volatile than most economists recognise.
The U.S. is one of the most unequal and rigidly stratified societies in the industrialised world. Why does this not generate stronger resistance?
An astute and aggressive class traitor, who knew precisely how to rile his ex-classmates, Labour Chancellor Hugh Dalton was the Tories’ worst nightmare.
The World Bank is facilitating the displacement of people across the Global South in the name of increased GDP. A new campaign is launching to challenge this injustice.
Defenders of market liberalism have appealed to technological explanations for growing inequality in the developed world. But the real cause is political.
Forced evictions in Mogadishu lay bare a particularly violent strand of contemporary city making.