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Greed is still good for Britain’s elite
Monday, July 4th, 2011
3 July 2011
Brown’s legacy is a society where the poor have not done so badly, the rich have done very well and those in between are seeing a decline in their living standards without precedent since the Second World War… average Britons have become like average Americans, whose living standards have not increased in real terms since 1975, despite GDP doubling… Technological change that in postwar Britain created administrative and clerical and middle-class jobs is now wiping them out, sending them overseas or downgrading them… Britain may once have been close to a property-owning democracy, but it is becoming a property-owning oligarchy.
Tags: economy, ideology, participation, standard of living
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