This wiki has had no edits or log actions made within the last 45 days and has been automatically marked as inactive. If you would like to prevent this wiki from being closed, please start showing signs of activity here. If there are no signs of this wiki being used within the next 15 days, this wiki will be closed in accordance to the Dormancy Policy (which all wiki founders accept when requesting a wiki). If this wiki is closed and no one reopens it 135 days from now, this wiki will become eligible for deletion. Note: If you are a bureaucrat, you can go to Special:ManageWiki and uncheck "inactive" yourself.OD0039
Why the distribution of wealth has more to do with power than productivity
Laurie Macfarlane - 30 September 2018
According to a new OECD working paper, Britain is one of the wealthiest countries in the world. Net wealth is estimated to stand at around $500,000 per household – more than double the equivalent figure in Germany, and triple that in the Netherlands. Only Luxembourg and the USA are wealthier among OECD countries.
On one level, this isn’t too surprising – Britain has long been a wealthy country. But in recent decades Britain’s economic performance has been poor. Decades of economic mismanagement have left the UK lagging far behind other advanced economies. British workers are now 29% less productive than workers in France, and 35% less than in Germany. How can this discrepancy between high levels of wealth and low levels of productivity be explained?... See more
About openDemocracy
openDemocracy is an independent global media platform publishing up to 60 articles a week and attracting over 8 million visits per year.
Through reporting and analysis of social and political issues, openDemocracy seeks to educate citizens to challenge power and encourage democratic debate across the world. With human rights as our central guiding focus, and open-mindedness as our method, we ask tough questions about freedom, justice and democracy.
openDemocracy aim to help those fighting for their rights gain the agency to make their case and to inspire action.
