Tag Archives: new economics foundation

David Boyle

Opinion: Time to publish the magical ratio

By David Boyle | Tue 12th July 2011 - 10:21 am

A week is a long time in politics, but it also sometimes seems to move at a glacial pace.

It is now two decades since Bill Clinton won the presidency on the slogan that ‘trickle down economics’ doesn’t work. Yet even a couple of years ago, there was Labour’s Peter Mandelson being ‘relaxed’ about people getting ‘filthy rich’.

Well, finally things seem to be shifting. Even Max Hastings, of all people, writes in the Financial Times that “gross disparities seems likely sooner or later to promote an upheaval, perhaps graver now than most western societies can now envisage.”

It certainly seems to …

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