Emeritus Prof Christopher May6d ago

Want to know why most people don't think the UK economy is working for them?

That real household income has been stagnant for a decade might have something to do with it...

(And don't forget these real levels have taken inflation into account *but* such adjustment doesn't include house prices which continue to climb as a multiple of wages, making one aspect of economic life seem less & less affordable).

This is why Zack Polanski's message on the economy has traction!

#economics #politics

Show threadToni Aittoniemi
@ChrisMayLA6 Neoliberalism made everything into an asset economy. We don’t produce stuff, we collect rent by owning stuff others use, and those rents fund campaigns of politicians who are expected to make value of stuff go up.
Mar 21 at 7:58pmWeb
Show threadEmeritus Prof Christopher May5d ago

@gimulnautti

Yes, the economy has become an economy of rentiers that's for sure....

Show threadBrad Macpherson5d ago
@ChrisMayLA6 @gimulnautti From a nation of shopkeepers to a nation of landlords - or perhaps always a nation of masters and serfs, with a different fur coat through the ages?