I think this is a very powerful point. I can't deny it. The argument put forward by thomas pickerty has had huge influence because, in fact, it's just common sense. You only invest if the rate of return on capital exceedseo the level of economic growth. So there is, there is a kind of a priori truth about this. My own view is that it is not that inequality does not matter as long as institutions are in place which control how that wealth is used.
The political Left often purports that it has society’s best interests at heart and that it works for the good of all. Yet according to conservatives, it is precisely that self-regard, that attempt to monopolise virtue, which exposes the hypocrisy of left-wing ideology. In this archive debate from 2018, we gathered Labour MP Stella Creasy, environmental campaigner, journalist and author, George Monbiot, Conservative MP Kwasi Kwarteng, and the leading philosopher of conservative thought, the late Roger Scruton, who sadly passed away in 2020, to discuss the issue of right vs left. Our host for the discussion was the journalist, broadcaster, visiting lecturer and Professor in the Humanities Council at Princeton University, Razia Iqbal.
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