Inequality is increasing. Not only are the rich getting richer but more and more people are living on 1 or 2 dollars a day.
There is increasing evidence that widening inequality is expensive. Inequality costs, though of course the costs are not equally shared. And for many of us it seems pretty obvious that societies that say work hard and you can succeed are being pretty clear about what this means to those that don’t succeed. Books like the Spirit Level (inequality can make you ill) and Fooled by Randomness (some of us get rich by chance), explain the problems that many feel.
The Latest Accounting for Value document by Jeremy Nicholls. First published in the Charity Finance Yearbook 2013.
Author: Jeremy Nicholls