The House of Commons Library has published research projecting the post-2008 growth of inequality until 2030, arriving at an eye-popping headline figure: at current rates, the richest 1% will own two thirds of the world's riches by 2030. I think that number is too low. Here's why.
The years since 2008 have been boom times for inequality: the collapse of debt markets and the trillions in state bailouts were a bit like the collapse of the USSR, a moment in which public assets and public money could be massively shifted into the hands of super-rich people who just stole shit like crazy, and got away with it, even when they were caught red-handed.
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