The fault lines of inequality : COVID 19 and the politics of financialization / Huw Macartney, Johnna Montgomerie, Daniela Tepe.
Macartney, Huw, author.; Montgomerie, Johnna, author.; Tepe, Daniela, author.
2022
HN400.S6
Available Online

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Title The fault lines of inequality : COVID 19 and the politics of financialization / Huw Macartney, Johnna Montgomerie, Daniela Tepe.
Author Macartney, Huw, author.
ISBN 9783030969141 (electronic bk.)
3030969142 (electronic bk.)
9783030969134
3030969134
DOI https://doi.org/10.1007/978-3-030-96914-1
Published Cham, Switzerland : Palgrave Macmillan, [2022]
Copyright ©2022
Language English
Description 1 online resource (ix, 126 pages) : illustrations (black and white, and color).
Other Standard Identifiers 10.1007/978-3-030-96914-1 doi
Call Number HN400.S6
Dewey Decimal Classification 338.94109052
Summary This book examines how decisions made by the Conservative government during the COVID19 pandemic have increased economic inequality in the UK. Decades of austerity, asset-based welfare and financialization had already exacerbated social divisions in the UK prior to the pandemic. The political blueprint behind these measures combined Privatized Keynesianism and the Asset Economy. To explain, economists have highlighted that inequality derives from the fact that income from wealth increases at a faster rate than income from wages. The ensuing political assumption is that in the face of pressures on public finances promoting asset ownership is the best alternative to government-funded welfare schemes. What this meant, as the pandemic unfolded, was that when tough decisions about resource allocation needed to be made, the UK Treasury and the Bank of England found almost unlimited funds to rescue and protect asset-holders and middle-income homeowners, whilst reverting to a narrative of "misfortune" for the asset-less poor. This book assesses the political decisions taken by UK policymakers during 2020-21 and their consequences. In doing so, it challenges policymakers and the informed public to re-consider the morality of inequality, and to make alternative decisions to promote a more ecologically sustainable, caring, equal and prosperous society. Huw Macartney is Associate Professor of Political Economy at the University of Birmingham, UK. Johnna Montgomerie is Professor of International Political Economy at Kings College London, UK. Daniela Tepe is Senior Lecturer in Political Economy at the University of Liverpool, UK.
Bibliography, etc. Note Includes bibliographical references and index.
Access Note Access limited to authorized users.
Source of Description Online resource; title from PDF title page (ProQuest Ebook Central platform, viewed June 13, 2022).
Added Author Montgomerie, Johnna, author.
Tepe, Daniela, author.
Series Palgrave pivot.
Available in Other Form Fault lines of inequality.
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Chapter 1: An Introduction to the Economics of Crisis Response
Chapter 2: Inequality and the Asset Economy
Chapter 3: A windfall at the Top
Chapter 4: A Squeezed Middle
Chapter 5: Precarity for those at the Bottom
Conclusion: Redressing Inequality in Politics and Policy.

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