The 2007 financial market meltdown, the most serious crisis that global capitalism has had to endure since the Great Depression, finally forced the world to confront, if not address, the economic inequality that had been rising for over a generation.
Inequality quickly became the new idiom in which elites ranging from academics across disciplines to billionaire plutocrats to politicians of every stripe pedalled their respective “save the world” wares.
The elite rhetoric on inequality offers essential keys to one of the great puzzles of our time – important and isolated exceptions notwithstanding, there has been no effective large-scale political mobilisation around growing inequality. The rise of populist strongman authoritarians and the duplicity of the billionaire class has attracted much
— source thewire.in | Deepak Malghan | 02/Mar/2022