Earlier this year, the Resolution Foundation revealed the shocking size of the wealth gap in Britain. The thinktank used the rich list to work out whether the wealthiest people had given national statisticians a full account when itemising their affluence. The wealth gap has only yawned wider since. The rich list highlights the pandemic’s business winners – such as the owner of the online retailer Ocado – and its losers, like the Duke of Westminster’s property empire. A growing wealth gap and increasing inequality has many causes, but one surely has been an economics discipline that disparaged the importance of government.

Source: The Guardian May 21, 2021 17:17 UTC