meanwhile inequality reaches crisis levels, oh where is the left when you need them?
Polly Toynbee in todays GCIF
'Almost daily, reports expose the way societies are being wrenched apart as a stratospheric elite stymies social mobility. The OECD, hardly a leftist outfit, notes that wage inequality is rising steeply in 18 of 20 developed nations it monitors. The very idea of "per capita GDP" has become meaningless when rewards are so dispersed. The UK is one of the most unequal, though in the past decade Labour has done better compared with most countries, so our gap widened by only a fraction. That's been done by the biggest yet redistribution to low-income families, though the richest 0.1% are vanishing off the graph. (At a recent seminar, a lecturer said that to represent top wealth faithfully, a bar chart would stretch out of the building.)
http://www.guardian.co.uk/comment/story/0,,2111401,00.html