The Cost of Inequality

Why does the modern economy consist of two tracks: a fast one for the super-rich and a stalled one for everyone else? What decisions led to this split three decades ago, and were their goals realised? What is the cost of a two-track economy? Have the real solutions to the 2008-9 crisis been missed? This ground-breaking book, based on years of research, seeks to answer these questions and provide the hard evidence: - for the economic case for dismantling the economy for the super-rich; - that deregulation failed to deliver innovation and economic revival; - for new policies that avoid the looming permanent recession. At a time when top investors such as Warren Buffett call for an end to the coddling of billionaires, this urgent, provocative book provides a radical new way of thinking for ending the economic deadlock.