How soaring inequality contributed to the crash -

Stewart Lansley

The economic meltdown has been widely attributed to a combination of global imbalances, excessive banking leveraging, reckless financial risk-taking and excessive personal debt. But Stewart Lansley argues in his article these headline explanations are only part of the story. The immediate triggers of the current crisis have their roots in economic, politician and social upheavals of the last thirty years. Widening inequality became a key ingredient in growing fragility of the British (and US) economy and played a central role in the build-up to the credit crunch.

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