Tuesday, 29 August 2006

On Growing Poorer

Have we grown richer as a result of the “free” market? On the contrary we have grown poorer. Only a generation ago, a single manual wage provided the wage-earner, his wife and their several children with a quality of life unimaginable even on two professional salaries today. This impoverishment has been so rapid and so extreme that most people, including almost all politicians and commentators, simply refuse to acknowledge that it has happened. But it has indeed happened. And it is still going on.

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