Capitalism’s reputational problem

Will the next generation be better off than this one? Given that history shows our world almost always getting rich, safer and healthier, you’d think the answer to that would be a clear yes. After all, in the 27 years since 1990, extreme poverty is down by 75%, child poverty has halved and world hunger is down by 40%. In the UK real incomes are taking a breather, but the average full-time earner is still taking home double what he or she was in 1975. Hourly wage inequality has fallen every year since 1998 – and across the [...]