We've moved to (or returned to) a world where wealth has replaced income as the key driver for inequality;
in societies where financial services are politically powerful & influential, the wealthy capture surpluses highly effectively.
John Burn-Murdoch (FT) observes: 'a generation ago it would have taken about 20 years of savings from the average salary to earn your way from the bottom quarter of the UK’s wealth distribution to the top quarter, it now takes 40'!
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