How to bridge the growing wealth gap

How to bridge the growing wealth gap
Almost 95 per cent of all income gains since 2009 have gone to the top 1 per cent. Picture: Getty

Non-fiction: The Great Divide. By Joseph E Stiglitz. Allen Lane, €34. Reviewed by Andrew Lynch.

At the height of the Celtic Tiger in 2004, Minister for Justice and future tánaiste Michael McDowell caused political outrage by declaring that nobody should worry about the gap between Ireland’s rich and poor. “A dynamic liberal economy like ours demands flexibility and inequality in some respects to function,” he said in an interview with the Irish Catholic. “It is the inequality that provides incentives.”

Please Subscribe or Log in to continue reading

Subscribe Login

Independent journalism every day

With digital access you can read The Business Post whenever, wherever, and however you want.

  • Unlimited access to all sections of The Business Post on desktop, tablet and mobile.
  • Breaking news, comment and analysis from the best Business Post writers seven days a week.
  • Live blogs of major news events.
  • Videos and podcasts from some of the industry's most respected journalists such as Michael Brennan, Susan Mitchell and Ian Guider.
  • Access to The Business Post's extensive archive​.

Related Articles

More from The Business Post