Stewart Lansley, London, Gibson Square Books, 320 pp, ISBN-10: 1908096063 (hbk)
Reviewed by Joanna Mack
Lansley argues that the soaring inequality of recent decades is not just an issue of social justice but has also had significant negative implications for the economy. The increased concentration of income and wealth at the top of society since the early 1980s, especially in the UK and the USA and more latterly in parts of continental Europe, has led to greater economic turbulence, slower growth and greater economic fragility, culminating in the crash of 2008/09.
The author maintains that the persistence of inequality is now central to the lack of global recovery. He also:
examines the impact on economic performance of the sustained wage squeeze and increased income concentration at the top of society in the UK and the USA over the last 30 years