Socialism for the rich: the evils of bad economics

The long read: The economic arguments adopted by Britain and the US in the 1980s led to vastly increased inequality and gave the false impression that this outcome was not only inevitable, but good In most rich countries, inequality is rising, and has been rising for some time. Many people believe this is a problem, but, equally, many think theres not much we can do about it. After all, the argument goes, globalisation and new technology have created an economy in which those with highly valued skills or talents can earn huge rewards. Economics Corrupted Us by Jonathan Aldred, published by Allen Lane and available at guardianbookshop.co.uk Follow the Long Read on Twitter at @gdnlongread, and sign up to the …