"Rentier economy" does not mean everyone rents their housing. It means a larger than normal proportion of income going to those who control or own assets. Dredging up some Economics 1A here… (View Post)

Of course we are. Its just that intergenerational inequality and housing costs means too large a number of working people don't get to enjoy the prosperity that should come from work. It's not sloth … (View Post)

What's the chance it was the "torture" bit that was important? (View Post)

Perhaps why the centre of Glasgow remains a giant brownfield site, even as we pave over the countryside in the suburbs. (View Post)

Real disposable income is at an all time high, rates of absolute poverty fell consistently from 2008 until 2022. But inequality matters to people. We develop a sense of fairness and injustice before … (View Post)