Thursday, April 22, 2010
Unequal London returns to the age of slavery
From The Daily Mail:
The gap between the richest and the poorest in London is wider than it has been since the days of slavery, a leading academic said today.
The City elite and the wealthy in the capital enjoy the greatest advantage over the poorest that has been known in 200 years, Professor Danny Dorling said.
And in the rest of the country the difference between the best and worst off is as big as it was in the slump years of the 1920s when mass unemployment led to poverty without a welfare state safety net.
In an interview yesterday, Professor Dorling, of Sheffield University, said the top 10 per cent of people living in London have on average wealth worth £933,563, while the poorest 10 per cent are on average worth £3,420 - some 273 times less.
He said: 'We are getting wealth inequalities now as far as we know that have not been seen since the days of a slave-owning elite.'
Professor Dorling added: 'Britain is at its most unequal for 80 years in terms of inequalities in income.'
Isn’t neoliberalism wonderful folks?
And what a shocking indictment of thirteen years of ‘New Labour’ government.