Friday, March 8, 2019

Shares of 1% in income and Wealth UK and China - The Dengists were even more successful at redistributing property to the 1% than Margaret Thatcher was


Class polarisation in the UK and China , plotted from the World Inequality Database If you expand commodity money relations, if you expand the private sector, if you allow the private employment of wage labour as a deliberate strategy, you end up with a rich capitalist class and a high polarisation of income. 

The Dengists were even more successful at redistributing property to the 1% than Margaret Thatcher was. Note that both China and the UK in 1980 had relatively similar income shares of the top 1% and similar wealth shares

SOURCE: PAUL COCKSHOTT

No comments: