Stories of economic shame in Britain and a hopeful way forward for capitalism
From the bottom to the top of our economy, capitalism is too blunt an instrument to tackle Britain's epidemic of inequality.
Soaring rents, unfair taxation and a growing gig economy have brought about unprecedented economic shame: Amazon warehouse workers living in tents, nurses turning to foodbanks, London firemen commuting hundreds of miles to work.
Even those higher up the ladder are losing their grip on the life they were promised. Barristers take home less than the minimum wage and doctors are starting out with £100,000 student debts on salaries lower than the national average. We’re all facing a new economic phenomenon – in-work poverty. At the same time a generation of young professionals is coming to terms with never being able to own even the cheapest home in their area.
The only way to reverse the damage is by giving everyone a financial stake in society.
‘How the system became rigged so that even the fortunate lose out: a masterpiece.’
– Danny Dorling, author of Inequality and the 1%
‘The latest in the series of powerful books on the divisions in modern Britain, and will take its place on many bookshelves beside Reni Eddo-Lodge’s Why I’m No Longer Talking to White People About Race and Owen Jones’s Chavs.’