Inequality

Gstaad Dinner parties are no longer verboten here, so I posed a question to some youngsters my son had over: did any of them feel morally entitled to their privilege? The problem with talking about privilege is that the discussion goes around in circles, original thoughts get lost, and what emerges says more about those conversing than about the subject at hand. Ditto when I posed the question to my son’s friends. There were no straightforward answers. Let’s face it, privilege is so enjoyable that the beneficiaries are mostly seen as undeserving, spoilt lightweights — by the underprivileged, that is. Envy has always been around, as has the urge to

Judging from the reaction to last week’s Commission on Race and Ethnic Disparities report, you’d think it had been written by a group of white supremacists who deliberately falsified the evidence about the prevalence of racism in contemporary Britain. Labour MP Clive Lewis tweeted a picture of the Ku Klux Klan alongside the hashtag #RaceReport, while Dr Priyamvada Gopal, a Cambridge University professor, compared the chairman of the Commission to Goebbels. In fact, only one of the report’s ten authors is white and the chairman, Dr Tony Sewell, says in the foreword: ‘We take the reality of racism seriously and we do not deny that it is a real force

As if the nation is not already mired in enough scandal, now comes the revelation that half the land in England is owned by just 25,000 individuals and organisations (1% of the population!). How wrong and elitist that sounds when placed beneath a Guardian headline which implies it is a yet another measure of horrible inequality and deprivation. According to Labour MP John Trickett “The dramatic concentration of land ownership is an inescapable reminder that ours is a country for the few and not the many”. But it means nothing at all. We are not an agrarian society. Fewer than one per cent of the population are employed in agriculture.

Gstaad   Here in Gstaad there is no worker alienation. Nor are the rich especially worried. The talk is about snow conditions, upcoming parties, the price of real estate, Brexit and, of course, socialism, a disease that strikes those far away from this Alpine resort, but has yet to infect any of the locals. I had a long chat with a friend of mine, born and bred up here, who makes his living teaching people how to ski and fixing their television sets after hours. ‘Don’t you ever mind when you see first hand how plush the new chalets are, especially of those like myself who made it the old-fashioned

Most people were scandalised by John McDonnell’s proposal to promote a four-day working week. But before we get incensed about giving people more leisure during their working life, we need to ask another question. If it really is so vital to the economy that people spend more time at work, then why does the government spend £41 billion every year (a third of the cost of the NHS) providing tax relief on pension contributions? This merely encourages older and more experienced employees to leave the workforce several years earlier than necessary. Remember, five years needlessly spent in retirement is 20 years that could have been spent enjoying a working life

Ronald Reagan famously proclaimed that the nine most terrifying words in the English language are “I’m from the government, and I’m here to help.” With the ‘most terrifying’ words already attributed, the pledge of a commission to transform the economy through increased intervention and higher taxes will simply have to be chalked up to misguidance and bad policy. The IPPR’s Commission on Economic Justice, released this week, puts forward 73 recommendations for ‘better and more sustainable growth’. Yet a look through the proposals suggests that the commissions members – including the Archbishop of Canterbury and trade union reps – are more interested in tackling perceived issues around inequality than they are

A famous epigrammatic nugget of wisdom appears in The Leopard, Lampedusa’s great novel about a noble Sicilian family’s fortunes: ‘If we want things to stay as they are, things will have to change.’ I thought of the novel as I was driven up to Gstaad during last week’s heatwave. Disembarking in Geneva, I felt I was back in Nairobi, circa 1970, on my way to Mombasa and a romantic interlude among the elephants and wildebeest. The old continent now looks like Africa, especially in airports and public spaces. But things will have to change if we want things to stay the same, I told myself again and again. In the

Consider this: 1 per cent of adults own 14 per cent of the nation’s assets. That’s some 488,000 people in ownership of about £11 trillion. At the other end of the financial scale, 15 per cent – 7.3 million people – either own no assets at all, or are in debt. It’s safe to say this throws the UK’s wealth inequality into stark relief. These new figures come courtesy of the Resolution Foundation thinktank which attributes them to a reversal of the spreading of property wealth across Britain in the mid-1990s and mid-2000s. Essentially, the fall in home ownership is fuelling the return of increasing wealth inequality across the country. Conor D’Arcy,

The most open of folk, who spill saucy secrets about themselves, clam up when asked how much they earn. Revealing your salary, especially to colleagues, is taboo. Conventional wisdom says that knowing fellow workers’ salaries sows discord. I know first-hand how explosive it can be to learn what people you work with get paid. I’d been promoted to a senior management role where I needed to know everyone’s pay. On my first morning my new boss entered my office with an armful of employee files and told me to read them. Closing my door, he said he would return to take me to lunch with a bottle of red wine,

I’ve objected before to the fact that supporters of Oxfam shops are unknowingly funding not only an aid charity but also a left-wing thinktank that promotes its beliefs with considerably more zest and clout than Jeremy Corbyn does. Its latest paper, An Economy for the 99%, issued to coincide with the gathering of the global elite at Davos, offers a killer factoid: that whereas three years ago the richest 85 people on the planet ‘had the same amount of wealth as the poorest half of humanity’, today that equivalence applies to just eight mega-billionaires, led by Bill Gates, Warren Buffett and Amancio Ortega, founder of the Spanish fashion chain Zara.