On how to counter inequality


“ Rampant inequality is not the fault of a class of people doing exactly what anyone would do in their position, but a political and economic system that incentivizes and enables them to do so. (Don’t hate the player, hate the game.) It follows that the solution is not individual and moralistic, but collective and political.  All over the world, social democratic movements are gaining popularity and power on the strength of ideas meant to reduce inequality and stimulate the economy: increased inheritance tax, maximum wage, taxes on the wealthy, and increased spending on the programs people need to not just survive, but thrive. Another important element is unionism: when workers assert their power, wages rise along with purchasing power and general feelings of satisfaction. An even more exciting solution is on offer in the UK, which votes on Thursday, where the Labour party wants to democratize the economy by empowering workers to direct the fruits of their labor. Worker-owned cooperatives, re-nationalization and other forms of public, community-oriented ownership all have roles to play ”

Jamie Peck, ‘It’s not just the 1%. The upper middle class is oppressing everyone else, too’, The Guardian


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