Precarity, not inequality is what ails the 99% | Curio
News and insights read out for you.
10,000+ audio articles. 50+ world-leading publications.

All in 1 subscription.

Financial Times logo

Precarity, not inequality is what ails the 99%

6 mins | May 3, 2020
story image

Here's what we need to do to build a more stable, secure and sustainable society. "Inequality is a statistical fact. It can be measured and thus easily draws attention. But when does the statistical fact of economic inequality become a form of social injustice? One answer: when affluence entails social privilege; when extreme wealth translates into power that is self-serving and predatory. Here the realistic remedy is not redistribution but countervailing power: trade unions and other mass organising; strong, principled political parties; prosecutions for financial fraud; and vigilance against state capture." Albena Azmanova, analyses in the Financial Times.

Get unlimited access free for 7 days, then $8.33/month (billed annually)
Get started