inequality

Income inequality can fall while wealth inequality rises — the asset price mechanism that traps social mobility

Inequality earned by creating value is a feature; inequality extracted through monopoly or monetary policy is a bug

Zero rates systematically transfer wealth from cash-poor savers to leveraged asset owners — every cycle tightens the ratchet

Predict someone's future from postcode and parental education — not income.

Wealth buys political rules that protect wealth — the self-reinforcing loop that stalls reform

Post-war prosperity was built on explicit inclusion — its erosion explains today's political rage

Democracy and capitalism need each other — but inequality pulls them apart

Nations that cooperate internally outperform those that conflict — inequality is a productivity tax.

QE money flows to the rich, who buy your assets, making you poorer — on repeat

Three competing frameworks for reforming capitalism, from market fundamentalism to stakeholder capitalism to democratic socialism

Small initial advantages compound into massive gaps through cycles of selection, streaming, and differentiated experience

When the rich get richer, interest rates stay at zero and the economy never recovers.

Address the hierarchy-driven humiliation that fuels depression from beneath