The Cost of Inequality

Download or read book The Cost of Inequality written by Stewart Lansley and published by Gibson Square Books. This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: How are we to regain economic growth? In this seminal new book based on 60 years of data, economist Stewart Lansley shows that economic equality is necessary for economic growth. Like a tumour, the economy for the rich has grown at least 10-fold in countries like Britain and the US, sucking in ever-increasing quantities of money away from circulating in the real economy. Thirty years after the creed that inequality is good for us all, The Cost of Inequality shows that the experiment has failed. If we want to avoid a state of permanent recession in the west, we need to dismantle the economy of the rich.