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Peony43 : uk-inequality   12

The Road From Thatcherism by Paola Subacchi - Project Syndicate
And yet in the homeland of the neoliberal revolution, neoliberalism failed to deliver stronger growth. Between 1980 and 1989, annual real (inflation-adjusted) GDP grew by 2.6% on average – just as it had between 1970 and 1979. What did change was output distribution, and not for the better. In the 1980s, per capita GDP barely increased, after having grown by around 50% between 1958 and 1973. The UK’s Gini coefficient (whereby 0 represents absolute equality and 1.0 means that a single person owns everything) rose from 0.25 in 1979 to 0.32 in 1992.
UK-inequality  neoliberalism  Thatcher  Reaganomics 
february 2019 by Peony43

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