306. Modern inequality

Our modern World is redefining inequality. This used to be bad enough, the haves enjoying luxurious standards of living whilst the have nots, the majority, lived hand to mouth, struggling to survive from one day to the next. With the industrial revolution, and especially in the XX century, the general increase in wealth delivered meaningful improvements in the standard of living for most. These were the halcyon days of capitalism. But, at some point, in the 80s, with Reaganism, Thatcherism and neoliberalism, we lost our compass. Inequality is now escalating to unprecedented levels, even in the First World. Young people are staring at a future where automation will have taken many jobs, where assets are so expensive they are completely unaffordable and, to compound it all, where even the environment, nature, that one asset we all used to enjoy for free, regardless of individual resources, is being depleted, exhausted, to a point where we will be leaving nothing to those who come after us

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