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 [...]
What is the likely impact of policies to redress wide economic inequalities? Many support this goal and some abhor it but few take the trouble to spell out exactly what they mean by equality in this context. Barack Obama’s 2014 State of the Union speech provided a good opportunity to unpick the concept. The president [...]
This review was first published on spiked today. The unsubtle message of Martin Scorsese’s new film, The Wolf of Wall Street, is that there is a thin line between investment bankers and gangsters. Admittedly, investment banking is not itself illegal and its practitioners are not generally prone to extreme violence. Nevertheless, the film portrays Wall Street [...]
Episode three of the Benefits Street documentary was relatively dull. To the extent there was a theme it was the relationship between parents and young children. Unfortunately the topic was not properly developed. The programme touched on state intervention in family life including a visit by a health visitor and by someone from Sure Start [...]
Given the furore about Benefits Street, Channel 4’s fly-on-the-wall TV documentary series, it was interesting to hear the statistics on benefits cited in the BBC Radio 4’s latest More Or Less programme. Evidently the widely reported claim that 90% of those living on Birmingham’s James Turner Street, as featured in the documentary, are on benefits [...]
Whatever criticisms people make of Benefits Street (see 11 January post) it is the only programme I have seen on British TV that has let Romanian migrants tell their own story. The second episode focused on two groups of Romanians, one extended family and one group of 14 men, and the reactions to them. With [...]
Having finally watched the first episode of Benefits Street it was striking that, contrary to the impression given in many commentaries, the welfare state was not to the fore. It would be more accurate to say social exclusion, or what is sometimes called the underclass, was the focus of the controversial TV programme. The fly-on-the [...]
Novo, a German publication, has published a translation of my May 2012 spiked essay on the “Petty politics of the anti-inequality brigade” . Auch wenn die egalitäre Rhetorik eine andere Sprache spricht, die Gleichheitsaktivisten unserer Tage mögen weder die Superreichen noch die Unterschicht. Daniel Ben-Ami zeichnet die Geschichte der Gleichheitsbewegung nach und zeigt deren politischen [...]
It has become the received wisdom that quantitative easing (QE) has played a central role in pushing up asset prices in recent years. That makes it a particularly good time to question the contention. Many commentators, including myself, have gone on to argue that QE has favoured the rich disproportionately since they hold most financial assets. [...]
This article for the Financial Times was published in Friday’s FT Wealth. Every generation has thinkers who support the right to accumulate great wealth. Such figures are reviled by egalitarians for defending the indefensible: upholding privilege and hierarchy while the common man or woman suffers impoverishment. Conservatives typically respond that social inequality can benefit society [...]
Welcome to danielbenami.com.
To contact me email ferraris AT danielbenami.com
I also have a Facebook fan page.
Ferraris For All, my book defending economic progress, has just been published in an extended edition in paperback and on Kindle with a new chapter on the inequality debate.Amazon.com, Amazon.co.uk, Amazon.ca, Amazon.de,
Please see the Buy the book page for more details.