When asking whether inequality is unfair, we have perhaps too often made the mistake of asking whether it is unfair in and of itself. A better question is to ask whether the inequality we see is the inevitable result of a fair economic and political system. The answer to that appears to be no. But even if it were, we have more good reasons than ever to see rising inequality as representing a grave threat to our health and to the legitimacy of capitalist democracies.
Books essay in this weekend’s FT