Lessons from the Gilded Age

Mass immigration has led to populism across Europe. The best way to tackle that, says Ed Chancellor, is to address the festering problem of inequality.

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Mass immigration puts pressure on wages

Immigration fears may well have tipped the scales in the Brexit vote. But it's wrong to decry opponents of unfettered immigration as "bigots", as ex-British prime minister Gordon Brown put it. These concerns should be seen in the context of decades of globalisation whose gains have been very unequally distributed. With populism growing across the West, the best way to reverse the trend is to address the festering problem of inequality, which globalisation tends to exacerbate.

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Edward Chancellor

Edward specialises in business and finance and he regularly contributes to the MoneyWeek regarding the global economy during the pre, during and post-pandemic, plus he reports on the global stock market on occasion. 

Edward has written for many reputable publications such as The New York Times, Financial Times, The Wall Street Journal, Yahoo, The Spectator and he is currently a columnist for Reuters Breakingviews. He is also a financial historian and investment strategist with a first-class honours degree from Trinity College, Cambridge. 

Edward received a George Polk Award in 2008 for financial reporting for his article “Ponzi Nation” in Institutional Investor magazine. He is also a book writer, his latest book being The Price of Time, which was longlisted for the FT 2022 Business Book of the Year.