Precarity, not inequality is what ails the 99% | Curio

Precarity, not inequality is what ails the 99%

6 mins | May 3, 2020

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.

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From Financial Times