Source: Foundation for Economic Education
by Kritsian Niemietz
“Gary Stevenson thinks that he has discovered the root cause of Britain’s malaise: wealth inequality. In his version of events, the super-rich are monopolising all the assets, including property and they are using the returns on those assets to buy even more assets — a self-reinforcing downward spiral. A small, super-wealthy elite is getting wealthier and wealthier, while the rest of the country is sinking into abject poverty. Gary has assembled a mass following on the basis of this thesis, so it is clearly persuasive to a lot of people. It is also completely wrong, for a number of reasons. ” (12/08/25)
https://fee.org/articles/wealth-inequality-is-not-a-problem-in-britain/