Posts Tagged ‘inequality

This is my column for the July issue of Fund Strategy. Those who work in investment are more guilty than most of being too ready to accept the authority of numbers. Words can be doubted but numbers are often seen as virtually sacrosanct. Indeed, financial news often revolves around numbers. An index is down by […]

This is the text of my piece on global inequality from last Friday’s Financial Times. It is perhaps the ultimate killer fact: Oxfam, the aid organisation, estimates the 85 richest people in the world own as much wealth as the bottom half of the global population. The figure grabbed global media attention and was even […]

The Financial Times has published two articles by me today. The first is a discussion of Oxfam’s claim that the world’s 85 richest individuals own as much wealth as the bottom half of the population. The second is a review of a book on campaign finance in America. You may need to register (free) to […]

For those who cannot face reading Thomas Piketty’s 700 page tome on inequality – and there must be a huge number of buyers who have just left it lying on the coffee table – a quick primer. His interview on the BBC Hardtalk programme gives a good quick “cheat” on where he is coming from. […]

One of the most bizarre features of Thomas Piketty’s sudden rise to fame as a superstar economist is his alleged affinity for Karl Marx. Both fans and critics of the French author of the bestselling tome have frequently portrayed him as a Modern Marx and a revolutionary. This is hardly surprising since Piketty presents himself […]

My profile of Petter Stordalen, an anti-capitalist billionaire from Norway, was published in Financial Times Wealth on Friday. The original link can be found here. Is it possible to be an anti-capitalist billionaire? Many would assume the question is absurd. Surely the greatest beneficiaries of the market economy should be its staunchest supporters? Not so […]

This is my latest book review for the Financial Times. The link to the piece on the FT site can be found here. American Tax Resisters, by Romain D Huret, Harvard University Press, 2014. Few people like paying taxes, but there are some individuals, particularly in the US, for whom active tax resistance is central to […]

Normally I pay relatively little to the Budget in Britain as it seldom contains much that is new. This time around I was stuck by a throwaway claim made by George Osborne, the chancellor, in his speech: “The independent statistics show that under this government income inequality is at its lowest level for 28 years.” […]

This is my latest spiked article. Why is the existence of extreme inequality in Britain treated as headline news? Given that a wide gulf between rich and poor is a characteristic feature of capitalist societies, inequality should not come as a surprise to anyone. A walk or drive around virtually any large city is enough […]

This column first appeared in the March edition of Fund Strategy. The accompanying graph is available to see here. This column may be a little more personal for readers than normal. It concerns the likely trajectory of wages in the near future. In particular whether there are any signs of an upward trend after the […]